The Republican Party is projected to take the U.S. Senate following the November elections, based on survey estimates.

The survey, by CBS News and The New York Times, forecast Republicans to win the Senate with a "likely" 51-49 seat edge against Democrats and independents. The estimate, however, has a margin of error of plus or minus two seats, meaning Democrats may still maintain their lead after the midterm elections. The current Senate makeup is 55-45 in favor of Democrats.

Based on the data, the GOP are projected to have a "current edge" that may be enough to win their elections. However, the "edge" is touted as "politically tenuous and statistically narrow." The possibility of the GOP winning the Senate is based on several narrow races that could sway in favor of the Republican Party, notably in Alaska, Iowa, Louisiana, Michigan and North Carolina. A reason for the GOP gaining seats in the Senate is some of the aforementioned states are traditionally conservative, namely Louisiana and North Carolina.

Two races involving Republican senators do face a strong possibility of falling to the Democrats. In Kentucky, Senate Minority Leader Mitch McConnell is running against Democratic Secretary of State Alison Lundergan Grimes. Although the race in Kentucky has been close, McConnell is "likely to win today" if elections were held now. The estimates have McConnell with 50 percent to Lundergan Grimes' 46 percent.

In Georgia, Republican candidate David Perdue is projected to win against Democrat Michelle Nunn. The Georgia seat is currently vacant. Despite the Kentucky and Georgia races likely going to the Republican Party, the survey noted there are scenarios that could go against the GOP come November. Perdue's victory estimate was 50 percent to 44 percent for Nunn.

In other states, such as Colorado and New Hampshire, Democrats are gaining comfortable margins of victory against their Republican challengers. In one New Hampshire scenario, Democratic Sen. Jeanne Shaheen will "comfortably defeat" former Massachusetts senator and possible GOP nominee Scott Brown. Shaheen's projected victory is 52 percent to Brown's 42 percent.

According to CBS News and The New York Times, the survey data is based on specific state's voters, demographics and historical data. Based on the data, the odds of the Republican Party gaining control of the Senate are 70 percent.

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