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

President Barack Obama speaking in Washington, October 2, 2014.
Jim Watson | AFP | Getty Images
President Barack Obama speaking in Washington, October 2, 2014.

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.

Click here for live coverage of the election and its aftermath