Wisconsin businessman Eric Hovde finally conceded defeat to Democratic incumbent Tammy Baldwin in a razor-thin race for a U.S. Senate seat in Wisconsin.

In a tightly contested U.S. Senate race in Wisconsin, Republican Eric Hovde conceded defeat to incumbent Democrat Tammy Baldwin on Monday.

Wisconsin Republican Senate candidate Eric Hovde on Monday conceded in his race against incumbent Democratic Sen. Tammy Baldwin and said he would not challenge the election results by requesting a recount.