The Hill News

The Democratic National Committee launched a new quick-hit ad Saturday with President Obama outlining what Republicans will do if they take over at least either the House or the Senate. 

The president said Republicans will fight for the next two years to reduce accountability on Wall Street, cut education funding and give more power to oil and insurance companies. 

The 30-second spot is hitting national cable stations as Democrats face losing their majority in the House in the mid-term elections on Tuesday. 

Republicans could gain upwards of 50 seats in the House but, according to the most recent estimates today, aren't expected to take control of the Senate, although they could make gains of five to seven seats.