The estimated cost of this year's election will likely top $6 billion, according to the Center for Responsive Politics, a $700 million increase over the previous high.
Congress will look at the tax and spending changes next week, which would cut the federal deficit by $503 billion but cause a spike in unemployment.
The Missouri Chamber of Commerce and Industry said 99 of the 103 candidates endorsed by its political action committee won election Tuesday to the state House and Senate.
According to Secretary of State Robin Carnahan's office, 2.7 million Missouri residents voted in the general election.
In the hours after the election Republicans and Democratic leaders said they are willing to steer toward compromise, as messy as it might be.
An exit poll by The Associated Press found that a majority of Missouri voters said U.S. Rep. Todd Akin's comments about rape factored into their vote. Women were slightly more likely to admit to their consideration of the comment when making a voting decision.
MU freshman Adam Olson made up his mind shortly after the first presidential debate on Oct. 3 because he preferred Obama's education plan to Romney's, he said.
Ron Leone, head of the Missouri Petroleum Marketers and Convenience Store Association, said the tax increase would cost Missouri its competitive advantage in the cigarette market.
Republican newcomer Caleb Rowden defeats veteran politician Ken Jacob in the area's closest House race.
The presidential race and a proposed increase in Missouri's tobacco tax were top of mind for many.
Statewide candidates include Columbia in their final rounds; local candidates focus on getting out the vote.
The Missourian's outreach team was interested in hearing what voters and readers had to say. We asked about their feelings on the candidates, what questions they had regarding the election and why it was important to them to be politically involved.
State and national candidates from both major parties are engaged in whirlwind tours of Missouri to drum up support in the final day before the election.
A rally at the MU Student Center encouraged students to go vote in Tuesday's election.
Candidates for Boone County Southern District commissioner are Karen Miller, Democrat, and James Pounds, Republican.
Candidates for state treasurer are Clint Zweifel, Democrat; Cole McNary, Republican; and Sean O'Toole, Libertarian.
Candidates for secretary of state are Jason Kander, Democrat; Shane Schoeller, Republican; Justin Harter, Constitution; and Cisse Spragins, Libertarian.
Candidates for lieutenant governor are Susan Montee, Democrat; Peter Kinder, Republican; Cynthia Davis, Constitution; and Matthew Copple, Libertarian.
Candidates for governor are Jay Nixon, Democrat; Dave Spence, Republican; and Jim Higgins, Libertarian.
Candidates for attorney general are Chris Koster, Democrat; Ed Martin, Republican; and Dave Browning, Libertarian.