Markets surged Wednesday following Democrats' sweeping victories in Tuesday's midterm elections. CBS News business contributor Javier David reports.

Several Senate races are still undecided the day after the midterms. Ed O'Keefe breaks it down.

The president’s approval was essential to winning Republican Senate primaries. It became lethal in competitive general-election races.

In our news wrap Wednesday, top officials in Iran welcomed the results of the U.S. midterm elections, Israeli President Isaac Herzog says he's accepted the results of last week's election and will consult with party leaders on forming a new government and Ukraine's air force says Russia launched more than 300 drones overnight.

President Trump has sought to deflect blame for the sweeping Republican losses. But within the party, some are beginning to ask whether they have been too deferential to the president — and whether the GOP needs to rethink its identity. Amna Nawaz discussed what comes next with David Holt, the Republican mayor of Oklahoma City.

Democrats' retaking of Congress doesn't change President Trump's control of the veto pen — making the new majority's aspirations to reverse changes to Medicaid, the Affordable Care Act, and other safety net programs an uphill climb.