Republicans fell short in their bid to win the Senate and take full control of Congress, two years after the party's gains in the midterm elections. Democrats also fell short of their goal to take control of the 435-member chamber.
While the Republican Party insisted that the result means that there is "no mandate for raising tax rates" on the American people, the Democratic Senate leadership said that this is time to put politics aside.
"Now that the election is over, it's time to put politics aside, and work together to find solutions. The strategy of obstruction, gridlock and delay was soundly rejected by the American people. Now, they are looking to us for solutions," the Senate Majority Leader, Harry Reid, said in a statement.