US Midterms; a Republican Carnage?

Update 2: The butcher's toll is high; Rumsfeld resigns and former CIA director Robert Gates replaces him. Mark Thoma also supplies links and as always comments from his loyal readers.

Judge for yourselves;

CNN

BBC 

MSNBC

The FT

As I make ready for bed the Democrats have gained 12 seats in the House (15 needed to take control) and 3 in the senate (6 needed to take control). Will both chambers shift hand here? We will see in the morning.