WASHINGTON, D.C.: The hazard lights are blinking for President Joe Biden after Democratic setbacks in this week's elections, but the president professes to see no reason for panic.

Just one year after he rode to the White House with a record 81 million votes, Biden saw Democratic stalwart Terry McAuliffe fall to first-time Republican candidate Glenn Youngkin in the governor's race in Virginia, a state that the president had won by 10 percentage points. In New Jersey, incumbent Gov. Phil Murphy barely won in a state that Biden had won by 16 percentage points.