Allen conceding in Virginia senate race

It's the final cut.

Republican George Allen of Virginia will concede the election for his U.S. Senate seat to Democratic challenger Jim Webb on Thursday, sources close to the senator said Thursday.

A victory for Webb will give the Democrats control of the Senate, as well as the House of Representatives.

Allen scheduled a news conference for 3 p.m. ET. Webb has scheduled an appearance with reporters at 4:15 p.m.

Democrats ran the table in the Senate races. Considering how close so many of those races were, it's fairly astounding.

Allen was looking at a presidential bid in 2008; now he's looking at retirement. Maybe he can find a nice lake property with lots of trees and slave quarters a guest house.