OVERNIGHT CAMPAIGN: Angus King to pick a party

The independent, who won retiring Sen. Olympia Snowe‘s (R-Maine) seat last week, is expected to vote with Democrats, but he left the option to caucus with Republicans open during his campaign. His joining the Democrats would give them a 55-member majority in the upper chamber. 

TOMORROW’S AGENDA TODAY: President Obama meets with business leaders at the White House to discuss the economy and deficit. He will also hold a press conference.

Nancy Pelosi holds a presser at 10 am to announce her leadership intentions for the next Congress.

{mosads}The Senate holds leadership elections.

FBI deputy director Sean Joyce and CIA Deputy Director Michael Morell testify before a closed-door session of the House Intelligence Committee on the FBI investigation that led to the resignation of former CIA Director David Petraeus.

TWEET OF THE DAY: “New excitement as I land in DC.Thank you Missouri.And I won’t lie, it’s gonna be fun walking on the floor of the Senate this afternoon.” — newly reelected Sen. Claire McCaskill (D-Mo.) 

QUOTE OF THE DAY: “If the FBI’s not spying on me, probably the Russian embassy and the Chinese embassy is as well. Everything you do here in Washington, you’ve just got to consider it’s public.” — Sen. Chuck Grassley (R-Iowa) in an interview with Radio Iowa

BATTLE FOR THE HOUSE:

Five House races have yet to be called. Here’s a rundown of where they stand:

Rep. Ron Barber (D-Ariz.) leads GOP challenger Martha McSally by 512 votes, according to Tucson Weekly. McSally’s lawyers were in court Tuesday in an effort to block the counting of provisional ballots in a predominantly Hispanic precinct. Barber’s campaign manager, Jessica Floyd, told the paper it was an effort by McSally to disenfranchise voters in Cochise County.

Rep. Dan Lungren (R-Calif.) trailed Democratic challenger Ami Bera by 1,779 votes as of Tuesday afternoon, according to the California Board of Election’s website, but the count is expected to be updated late Tuesday.

Rep. Brian Bilbray (R-Calif.) trails Democratic challenger Scott Peters by 1,899 votes as of Tuesday afternoon, according to the California Board of Election’s website. Absentee and provisional ballots are still being counted.

Rep. Allen West (R-Fla.) is trailing Democrat Patrick Murphy by almost 2,000 votes but still hasn’t conceded. Murphy is in Washington this week for new-member orientation. West filed a court challenge on Tuesday, his campaign announced, asking that all ballots cast in St. Lucie County during early voting be recounted. The county was only recounting some that were improperly fed into voting machines.

Rep. Mike McIntyre (D-N.C.) has a 402-vote lead over GOP rival David Rouzer. Both sides have lawyers monitoring the final counting of provisional and absentee ballots this week, according to the Fayetteville Observer. 

SENATE SHOWDOWN:

ARKANSAS: Three-quarters of Arkansas’s House members are considering a run against Sen. Mark Pryor, a sign the centrist Democrat will face a tough race in 2014 in the red state. Reps. Tim Griffin and Steve Womack and Rep.-elect Tom Cotton all told a local paper in a paywalled story that they’re mulling runs against Pryor.

MASSACHUSETTS: Sen. Scott Brown (R-Mass.) on Tuesday didn’t rule out a future run for Senate if Sen. John Kerry (D-Mass.) is tapped for secretary of State or Defense.

“We’ll see what happens, I’m not even thinking about it right now,” he said. The senator was asked multiple times about a potential future run and each time dodged the question, offering only that he’s currently occupied with transitioning his responsibilities over to Sen.-elect Elizabeth Warren (D).

VIRGINIA: George Allen (R) won’t run for office again.

2016 WATCH:

The Buffalo News endorsed Secretary of State Hillary Clinton for president in 2016. She has not said if she’s running.

IN CASE YOU MISSED IT:

Comedy Central star Stephen Colbert is shutting down his super-PAC. The host of “The Colbert Report” posted a letter on his website Monday night announcing the end of his Americans for a Better Tomorrow Tomorrow super-PAC.

Rep. Greg Walden (R-Ore.) is circulating a letter asking for his colleagues’ support to be National Republican Congressional Committee chairman, a position he’s currently running unopposed for.

Rep. Jesse Jackson Jr. (D-Ill.) left the Mayo Clinic, where he had been receiving treatment for bipolar disorder.

U2 front man and activist Bono met with Vice President Biden at the White House on Tuesday.

Rep. Nancy Pelosi declined to say whether she will remain House Democratic leader in the next Congress. The California Democrat dodged a question about her future plans, saying she’ll announce her intentions only after she informs her troops at a closed-door caucus meeting scheduled for Wednesday morning.

“I’ll see you right here 10 o’clock tomorrow morning,” Pelosi said during a press conference with newly elected Democrats in the Capitol. “While I love you all very dearly, I thought maybe I would talk to my own caucus before I share that information with you.”

Former Commerce Secretary Carlos Gutierrez, Mitt Romney‘s top Hispanic surrogate, is calling for the Republican Party to “modernize” and embrace comprehensive immigration reform in order to survive as a national party.

The presidential campaigns and outside groups supporting them spent a monumental $588 million on ads focusing on jobs, in an election cycle that often strayed from what both sides seemed to agree were the central issues at hand: jobs and the economy.

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