President Obama to hold news conference on election results at 2:50 pm ET

Published Wed, Nov 5 20147:40 AM EST

President Barack Obama speaking in Washington, October 2, 2014.

Jim Watson | AFP | Getty Images

President Barack Obama will hold a news conference on Wednesday afternoon to discuss the sweeping Republican victory in Tuesday's midterm election.

The White House said the president would speak at 2:50 p.m. ET.