Election 2024 updates: Trump begins selecting cabinet positions

President Joe Biden will address the nation at 11 a.m. on Thursday from the Rose Garden, the White House said on Wednesday.

House Speaker Mike Johnson formally launched his bid to continue serving as leader in a letter sent to GOP colleagues on Wednesday.

"I'm ready to take the field with all of you, and I am humbly asking for your support to continue leading this Conference as your Speaker. It has been the honor of my lifetime to serve with you thus far, and I look forward to playing the biggest offense of our lives. We have a country to save-and we will," Johnson said in the letter obtained by ABC News.

Johnson represents Louisiana in the House.

House GOP leadership elections will take place behind closed doors on Nov. 13.

Johnson said, "as we have planned and expected, the latest data indicates that we will also hold - and likely grow-our Republican majority in the House, even though we faced a map with 18 Biden-won seats."

ABC News has not yet projected the House majority.

It was just a little over a year ago when Republicans elected Johnson as House speaker after ousting former Speaker Kevin McCarthy.

In a statement Wednesday night, Senate Majority Leader Chuck Schumer said Vice President Kamala Harris' "historic candidacy inspired millions and her vision for a better future for all Americans will endure."

"Her advocacy on many issues -- from lower costs, more affordable housing, and a fairer tax system - will continue to have strong impacts on America and on our party," he said.

Schumer also reaffirmed Senate Democrats' commitment to "working with our Republican colleagues to deliver for the American people."

"As I've said time and again, in both the majority and the minority, the only way to get things done in the Senate is through bipartisan legislation while maintaining our principles -- and the next two years will be no different," Schumer said.

Former President Donald Trump is set to return to the White House after winning Tuesday night's election.

As of Wednesday morning, Trump surpassed the 270 electoral votes need to secure the presidency, and that could mean major changes to the health care landscape.

During his campaign, Trump vowed to make the Affordable Care Act "better" and to protect "women." He also suggested that Robert F. Kennedy Jr. would shape the public health agenda of his administration.

MORE | This is what a second Trump term would mean for health care policies including health insurance and reproductive rights.