Biden won. What's next?

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VIEW IN BROWSER | SUBSCRIBE SAT, NOV 07, 2020 CNBC POLITICS EDITOR'S NOTE Hello,   Joe Biden has been elected the 46th president of the United States, according to projections from NBC News and other outlets.   The call came after four white-knuckle days of slow, meticulous counts in several closely fought battleground states. In the end, it was a narrow win in Pennsylvania, Biden's birth state, that put him over the 270 electoral vote threshold. The president-elect plans to address the nation at 8 p.m. ET tonight.   President Trump isn't ready to concede. His campaign continues to raise money as he vows to fight in court over vote counts in Pennsylvania and elsewhere. So far, though, the president's legal challenges have fallen flat. One of the leading lawyers on the George W. Bush recount team in 2000 said the Trump team's suits are without merit.    Biden's team, nonetheless, has begun work on assembling a government. It's not yet clear what kind of Congress he'll have to deal with, though. Democrats are projected to lose seats in the House but hold onto their majority. Control of the Senate is still up in the air. Republicans are favored to hold onto a slight majority, which would extend Mitch McConnell's tenure as the leader of the chamber.   But, it's not over for Democrats just yet. One Senate race in Georgia is already heading for a runoff, and the other is shaping up to go the same way. If things hold as they are in North Carolina and Alaska, the GOP will control at least 50 seats in the Senate. So, control of the Senate could come down to another Georgia vote in early January.   Some things to keep in mind for the Georgia scenario: Even though Biden himself holds a narrow lead in the state with almost all votes counted, Georgia tends to elect Republican candidates in statewide races. But, led by Stacey Abrams, Democrats have boosted their registration and turnout numbers. That growing influence will be put to the test in potentially two runoffs – and it could help determine just how much a Biden administration can accomplish.   Thoughts? Email Mike Calia at CNBCPolitics@nbcuni.com.   Have friends or colleagues who might like this newsletter? They can sign up here.    Subscribe to CNBC's daily new podcast The News with Shepard Smith, which provides deep, non-partisan coverage and perspective on the day's most important stories. Mike Calia @Michael_Calia KEY STORIES  Joe Biden is projected to defeat incumbent Donald Trump in the presidential election Biden and Trump battled in an election defined by the coronavirus and a focus on swing states such as Pennsylvania. Kamala Harris makes history as the first woman, person of color elected vice president Kamala Harris will be the first Black American, first woman and first Asian-American to serve as vice president. Election 2020 live results: President-elect Joe Biden claims national mandate — 'It's time for America to unite' Joe Biden is now the president-elect of the United States after his projected win in Pennsylvania, according to NBC News. Trump refuses to accept election results, says it's 'far from over' Trump vowed that as soon as Monday, his team will start "prosecuting our case in court to ensure election laws are fully upheld." Pollsters face another reckoning this year, but the reasons could differ from 2016 Once again, public opinion polls missed the mark on the U.S. presidential election. When he takes over as president, Biden will get a surprisingly strong jobs market As Joe Biden assumes the Oval Office in 2021, he will face a challenging economy but an employment picture that has momentum. White House chief of staff Mark Meadows has tested positive for coronavirus White House chief of staff Mark Meadows has tested positive for coronavirus, NBC News confirmed Friday. Trump efforts to challenge election results 'are a gift to America's adversaries,' foreign policy experts say As his reelection chances diminish, Trump spoke Thursday evening from the White House briefing room, falsely claiming the election was being "stolen" from him.     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS