Rep. John Boehner (R-Ohio) was elected the 61st Speaker of the U.S. House of Representatives today as the 112th Congress began work.

The GOP majority also means that Republicans will chair all committees. The House Financial Services Committee will be chaired by Rep. Spencer Bachus (R-Ala.).

The Democrats retained control of the Senate, though by a smaller margin. There are 51 Democrats, 47 Republicans and two independents who caucus with the Democrats in that chamber.

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