Midterm elections: The morning after

By Jim Kavanagh and Mallory Simon|CNN

Reid ready to compromise

Having survived a strong re-election challenge and seen the Democratic majority in the Senate slip to one, Senate Majority Leader Harry Reid said he’s eager to work with Republicans to craft legislation and create jobs.

“It’s important we realize we have some work to do,” Reid said on CNN’s “American Morning.” “… We need to stop using words like ‘chastened’ and I think what we have to do is recognize that all of us, all of us who are going to be in Senate, have to work together. That’s the message from the American people.

“We must work together, and I am looking forward to that. … I think this is a time we need to set aside our speeches and start rolling up our sleeves and have a little sweat on our brow.”

Reid said both parties need to give a little.

“We know that the Republicans of this last Congress picked up the name ‘The Party of No.’ I think that Democrats have to work with Republicans, and Republicans have to work with Democrats. It’s not a one-sided deal,” he said.

Reid identified job creation as his top legislative priority.

“As far as I’m concerned, my No. 1 job is to help create jobs, and I’m going to do everything I can. The only thing that’s going to solve our economic problems in this country are jobs, jobs and more jobs.”

A big question the next Congress will deal with is whether to extend the Bush-era tax cuts and/or make other changes to the tax code.

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