Your daily look at late-breaking news, upcoming events and the stories that will be talked about Wednesday:
1. GOP TAKES OVER ON CAPITOL HILL
The new Republican majorities in Congress turn swiftly to a conservative agenda aimed at creating jobs and reducing government regulation.
2. VETO SHOWDOWN SET
With the new Congress not yet two hours old, the White House announces that Obama would reject any legislation approving the long-stalled Keystone pipeline.
3. WHICH COMMODITY KEEPS GETTING CHEAPER
Oil drops another $2 to close just below $48 a barrel, the lowest price since April 2009.
4. GRIM SIDE OF FIGHT AGAINST EXTREMISTS