It's Official: Fiorina Concedes to Senator Ma'am

After monitoring results overnight, Republican Senate candidate Carly Fiorina conceded defeat Wednesday morning after her hard-fought race with Democratic Sen. Barbara Boxer, stating that she was proud of every moment of her campaign.

Speaking to reporters and a small group of supporters with her husband at her headquarters in Irvine, the former Hewlett-Packard chief executive said the experience had been a privilege and that she had been touched by every person she met across California. She said she ran because she was concerned that attaining the American dream had become too hard for too many people and that she was still worried about out-of-control spending in Washington.

"We had an exceptional campaign," Fiorina said. "In the end we could not overcome the registration that Democrats have, and in particular in L.A. County."

Fiorina said she hoped her effort would lead Boxer and others in Washington to “redouble their efforts to make sure Americans have the opportunity to live the American dream.”

"The fight is not over, the fight is just beginning," she said.

She did not take questions or discuss her plans for the future.