Minnesota's political landscape has been altered very dramatically based on yesterday's election results, though not exactly in the manner most pundits had expected. As of this writing, Mark Dayton holds a narrow lead (less than 1 percent) over Tom Emmer in the race for governor of Minnesota. More dramatic is the fact that Republicans handily won control of both the House and Senate in Minnesota.

Republicans in the Minnesota legislature will ride a roller-coaster of emotions over the next day or two, but very quickly they will need to come to grips with the reality that while their political fortunes have changed, the dire economic conditions confronting the state and nation have not. It remains necessary to resolve a nearly $6 billion state budget deficit for the next biennium; regardless of the outcome in the governor's race, this financial quagmire will need to be resolved with no tax increases and no help from their Democrat counterparts. We will be watching very closely to see who emerges as leaders of the various party caucuses in the House and Senate; it will be especially interesting to see who emerges as chairs of the multiple committees in the House and Senate.

The results in Minnesota were mirrored to a great extent by the national elections in which Republicans regained control of the House of Representatives after ceding it to the Democrats four years ago. While control of the Senate remains with the Democrats, Republicans picked up at least 6 seats. All but one congressional incumbent in Minnesota was reelected, the very notable exception being the ouster of Cong. Jim Oberstar by political newcomer, Chip Cravaack.

We'll be tracking the election results along with changes in leadership resulting from the elections in the coming days and will provide an update in the coming weeks. Enjoy this Special Edition of CapitolWatch!

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