Alaska Senator Lisa Murkowski was defeated by a Republican primary challenger backed by Sarah Palin and the Tea Party movement in what may be the biggest upset so far this U.S. election year.

By Brian Faler and Amanda Coyne at Bloomberg.com

EXCERPTS:

‘Murkowski, the Senate’s No. 4 Republican, conceded the race late yesterday after a day of absentee ballot-counting failed to reverse lawyer and political newcomer Joe Miller’s lead of more than 1,600 votes.’

‘His win follows victories by other Tea Party candidates over establishment-backed rivals in Nevada, Kentucky, Colorado and Utah. In Florida, Republican Governor Charlie Crist dropped out of his party’s Senate primary contest to run as an independent rather than face a Tea Party-backed rival for the party nomination.’

FULL STORY

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