Carrie Dann writes:
11:59 ET: That's all folks. Thanks for tuning in.
11:54 ET: My colleague Domenico Montanaro notes that McConnell, who seemed very emboldened by last night's gains, may be looking ahead to 2012, when numerous moderate Democrats will face tough re-election contests. There are 22 Democrat-held Senate seats that will be in cycle in 2012 -- including Sens. Ben Nelson of Nebraska, Jon Tester of Montana, Claire McCaskill of Missouri, Bob Casey of Pennsylvania, Bill Nelson of Florida, Sherrod Brown of Ohio, and Jim Webb of Virginia. Newly-elected Joe Manchin of West Virginia will also have to run for a full term. Those are seats where Republicans may think they have good pickup chances in two years.
11:53 ET: Boehner says he wants solid oversight of Congress, not "gotcha" investigations.
11:52 ET: Boehner says the Obama-backed health care reform bill would "ruin the best health care system in the world" -- he calls again for repeal of the legislation.
11:51 ET: Asked about an upcoming vote on increasing the debt limit, which would likely be opposed by Tea Party-backed candidates, Boehner just says: "We'll be working that out over the next couple of months."
11:50 ET: Boehner calls his conversation with Obama last night "very pleasant."
11:49 ET: "We're going to have some kind of bipartisan agreement" in the Senate, says McConnell. Believes that he can move Democrats "in our direction" to work together on spending.
11:49 ET: "The election yesterday did not transfer full control to the opposition," McConnell points out. "This was the first step."
11:47 ET: Voters "sent a very loud message last night," Boehner says, noting GOP gains in governors contests and state legislatures as well as in Congress.
The American people want a "smaller, less costly, and more accountable government in Washington D.C.," he says.
11:46 ET: Boehner says "members of the Tea Party and our party" will work together to help create jobs and cut spending.
11:45 ET: Boehner says Speaker Pelosi "left me a very nice voicemail" this morning. Boehner predicts "smooth transition" with Pelosi's leadership team.
11:44 ET: Barbour: Governors, including Democratic governors, believe that we can work with the Congress to try to set things in a better direction.
11:43 ET: Voters "appreciated us saying no to the things they didn't agree with," McConnell says. Says he hopes Democrats will "pivot in a different direction."
11:42 ET: McConnell: Last night proved that "choosing the president over your constituents" is a mistake.
11:41 ET: McConnell to the podium. While Republicans gained control of the House last night after making historic gains, GOP candidates in the Senate fell short of the 10 seats they would have had to gain for control of the upper chamber. Republicans netted six seats.
11:40 ET: Boehner said he spoke to President Obama last night and discussed working on policies to cretae jobs and cut spending.
11:39 ET: And here we go. Boehner at the podium: "This is a time for us to roll up our sleeves and go to work on the peoples' priorities"
11:38 ET: Here's what Boehner said earlier this morning about the Republican gains last night:"We're humbled by the trust that the American people have placed in us, as I said last night, our job is to listen to the American people and follow the will of the American people."
11:30 a.m. ET: We will be live-blogging this morning's press conference by Republican leaders in this space. Stay tuned -- we're getting started any minute.
Speaking at the event will be Rep. John Boehner of Ohio, the presumed next Speaker of the House; Senate Minority Leader Mitch McConnell, and Republican Governors' Association chair Haley Barbour.