Ted Stevens concedes

Earlier today, Alaska's most famous convicted felon, Senator Ted Stevens, conceded his bid for re-election. Here is Stevens' statement:

"Given the number of ballots that remain to be counted, it is apparent the election has been decided and Mayor Begich has been elected.

"My family and I wish to thank the thousands of Alaskans who stood by us and who supported my re-election. It was a tough fight that would not have been possible without the help of so many Alaskans - people who I am honored to call my friends. I will always remember their thoughts, prayers, and encouragement.

"I am proud of the campaign we ran and regret that the outcome was not what we had hoped for. I am deeply grateful to Alaskans for allowing me to serve them for 40 years in the U.S. Senate. It has been the greatest honor of my life to work with Alaskans of all political persuasions to make this state that we all love a better place.

"I wish Mayor Begich and his family well. My staff and I stand willing to help him prepare for his new position."

The Democratic majority in the Senate is now that much closer to 60.