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A very good general election for Democrats got even better on Wednesday when they retained U.S. Senate seats in Montana and North Dakota, both of which had looked ripe for Republicans throughout much of the campaign.

Victories by Sen. Jon Tester of Montana and Heidi Heitkamp of North Dakota, in contests so close that concessions from the losing Republican candidates didn't occur until Wednesday, helped Senate Democrats reach 54 seats in the next Congress. That was a net increase of one seat from their current majority.

Poor Chris Stewart. The former Air Force pilot had just won a landslide victory in his first bid for Congress in Utah, but the crowd of Republicans listening to his acceptance speech at a Salt Lake City hotel kept pointing to the massive television screen behind him.

"Do you want me to stop?" Stewart asked. "You would rather listen to Gov. Romney than to me, wouldn't you?"

Some in the crowd shouted "Yes!" and the sound of Romney's concession speech filled the room.

The much-hyped battle for the battleground states turned into more of a rout on Election Day, as President Obama swept through eight key states and looked on course to capture Florida.

Swing states — Ohio, Virginia, Michigan, Iowa, Wisconsin, Nevada, Colorado, New Hampshire — viewed as tossups a day before the voting fell without much fight into the blue column. Only North Carolina went for Romney.

Shall we dance?

That's the key question for Congress now that another budget crisis is near. Senate Majority Leader Harry Reid, D-Nev, today said he's ready to do a little two-stepping with Republicans to twirl away from the edge of the so-called fiscal cliff.

"It's better to dance than to fight," the former amateur boxer told reporters at a press conference. "Everything doesn't have to be a fight."

Hi! I'm back. I was once a banker and now I write for Dealbreaker and answer your questions about the financial world here. You can send questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney).

President Obama was the headliner Tuesday night, but most members of Congress also faced elections. Democrats retained control of the Senate while Republicans held on to control of the House. Now both sides of the divided Congress face significant challenges addressing the nation's fiscal problems.

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NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. The president scores four more years; a divided Congress remains, well, divided; and guess what? Florida is still counting. It's Wednesday and time for a post-election edition of the Political Junkie.

(SOUNDBITE OF ARCHIVED RECORDINGS)

PRESIDENT RONALD REAGAN: There you go again.

VICE PRESIDENT WALTER MONDALE: When I hear your new ideas, I'm reminded of that ad: Where's the beef?

SENATOR BARRY GOLDWATER: Extremism in the defense of liberty is no vice.

Darrell Royal, who coached the University of Texas Longhorns to three national titles "and became the biggest college football icon in a state that worships the sport, has died at age 88," Austin's American-Statesman reports.

Two-Way readers were pretty smart about when we would hear who won the White House.

It was 11:29 p.m. ET last night when we posted the news that "Obama wins."

And:

"Between 10 p.m. ET and midnight Tuesday" was the most popular choice by the 13,801 readers who answered our "when will we know who won?" question. It was picked by 32.2 percent.

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MICHEL MARTIN, HOST:

Now, we want to turn to the international arena. The race for the White House last night had people around the world glued to their TVs and radios and reaction is pouring in from political figures around the globe.

Here is a small sample of what we've been hearing, starting with a spokesperson for the Afghan Foreign Ministry.

JENAN MOUSSA: We look forward to advancing our existing strong, broad, multifaceted partnership with the United States.

CHANCELLOR ANGELA MERKEL: (Foreign language spoken)

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MICHEL MARTIN, HOST:

This is TELL ME MORE, from NPR News. I'm Michel Martin. We're sure you know this by now, but just in case, President Obama won reelection and will serve a second term in office.

PRESIDENT BARACK OBAMA: I believe we can seize this future together, because we are not as divided as our politics suggest. We are not cynical as the pundits believe. We are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. We are, and forever will be, the United States of America.

Host Michel Martin has been checking in with two former speechwriters throughout the election season to sort through the rhetoric, and find out what messages struck a chord with voters. She reviews campaign messaging, and Tuesday night's victory and concession speeches with former presidential speechwriters Mary Kate Cary and Paul Orzulak.

Rep. Paul Ryan, the Republican vice presidential nominee, says will go back to the House and pick up where he left off, after his loss.

On the day after voters returned President Obama to the White House and kept Democrats in control of the Senate and Republicans in control of the House:

"Investors pulled back sharply ... [amid] rising worries about the upcoming fiscal fight in Congress," The Wall Street Journal writes.

What a difference $46 million in TV ad spending can make.

At least that was the consensus in the wee hours of the morning at the Yes on Proposition 37 party, held at a performance art space in San Francisco's Mission District, even before the final votes were tallied.

Outspent many times over, "we couldn't get up on the air," organizer Stacy Malkan told The Salt when it appeared the measure was going down. "You need a certain saturation to have an impact."

New York and New Jersey, already battered by Superstorm Sandy, are bracing for winds of up to 60 mph, snow and rain.

A nor'easter is forecast to race up the east coast of the United States today and tomorrow. NPR's Richard Harris reports the National Weather Service says the storm will affect the mid-Atlantic as weel.

Richard filed this report for our Newscast unit:

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RENEE MONTAGNE, HOST:

Let's hear two strong points of view on last night's election.

STEVE INSKEEP, HOST:

Jonathan Chait is a liberal columnist for New York magazine. Welcome back to the program.

JONATHAN CHAIT: Thank you.

MONTAGNE: And Jonah Goldberg is a conservative columnist and editor-at-large for National Review Online. Welcome to the show.

JONAH GOLDBERG: Hey, thanks for having me.

Republicans and independent analysts didn't think there was any way President Obama could reassemble the coalition that enthusiastically backed him in 2008. But Michael Dimock of the Pew Research Center found a few surprises in exit polls. Dimock talks with Steve Inskeep about the exit polling data.

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RENEE MONTAGNE, HOST:

Russian President Vladimir Putin sent word congratulating President Obama on his victory. Still, as NPR's Corey Flintoff reports from Moscow, during the campaign, the Russian government and state-run media sough to discredit the American electoral process.

The Maryland Dream Act, which allows undocumented students to pay in-state tuition, will stand.

With a 58 to 42 split, voters rejected a measure that sought to overturn legislation passed by lawmakers last year.

Inside Higher Ed reports:

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RENEE MONTAGNE, HOST:

And it was no ordinary Election Day either in Belmar, New Jersey, one of the beach towns that was badly damaged by Superstorm Sandy. Some of the regular polling places were flooded out and town officials had to come up with new ways to get voters to the polls. NPR's Jim Zarolli reports.

JIM ZAROLLI, BYLINE: These days the Belmar Town Hall has been turned into a kind of rescue center for displaced residents, a place where they can get food and clothing. And yesterday they could vote, too.

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RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. Let's talk about the gender gap in the election results. We're joined now by Democratic pollster Celinda Lake. She's on the line. Welcome to the program.

CELINDA LAKE: Thank you for having me.

In West Fargo, N.D., voters have a tradition of sending one party to the White House and the other to Congress. Two voters maintained that tradition — but not as you'd expect. North Dakota's Senate race is still too close to call.

Renee Montagne speaks with Republican strategist Ed Rogers and Democratic political analyst Dee Dee Myers about Tuesday's wins and losses, and about challenges facing the Republican Party.