Hampton Pearson reports that Mitt Romney's campaign will not concede Ohio until the state determines President Obama is the winner. Sara Fagen walks viewers through Romney's thinking and the CNBC election team discusses. Jared Bernstein says the disagreement is mainly about the Bush tax cuts for upper income folks. Politico's Ben White expresses his belief that a little distance from this election, and we'll get beyond the fiscal cliff. With Keith Boykin. Also, a discussion about who will be on the President's new cabinet.