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Kamala Harris told supporters "we must accept the results of this election " after she conceded defeat Wednesday to President-elect Donald Trump . "Earlier today, I spoke with President-elect Trump and congratulated him on his victory," Harris said at the vice president's alma mater Howard University, in Washington, D.C. It was the first time that Harris had spoken on camera to the public since Trump declared victory early Wednesday morning. "We will continue to wage this fight in the voting booth, in the courts and in the public square," she said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, alma Organizations: alma mater Howard University, Washington , D.C, Trump Locations: Washington ,

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House," Republican House Speaker Mike Johnson said Wednesday in a statement. "The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Democrats poured huge sums of money into House races, trying to flip the lower chamber. They far outspent their Republican rivals in many of the most competitive House races across the country.

Persons: Mike Johnson, Hakeem Jeffries, Donald Trump Organizations: House, Democratic, Republicans, Senate, Republican, NBC News, Congressional, Maine's, GOP Locations: D

Former President Donald Trump's universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail Federation. Trump has said he would impose a 10% or 20% tariff on all imports across the board. In both cases, the NRF found that the impact of Trump's tariffs would be "dramatic" double-digit percentage price spikes in nearly all six retail categories that the trade group examined. The report found that the greatest price spikes could occur for toys: between 36.3% and 55.8%. The report found that the more expensive retail goods would lead to a $46 billion decrease in purchasing power, if Trump imposes both universal tariffs and especially high China rates.

Persons: Donald Trump's, Trump, Mark Zandi Organizations: Abercrombie, Fitch, National Retail Federation, Republican, Bureau of Labor Statistics, CNBC Locations: Manhattan, New York City, China, Mexico, Raleigh , North Carolina

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