Video: Jon Stewart describes Fox News election night coverage as "crisis on bullshit mountain"

The insane moment of panic on the network when Obama was re-elected “will… live forever", Stewart says.

In his look back over the events of election night, Jon Stewart reserved special attention for Fox News, and in particular the five minutes of crisis on the network after Ohio was called for Obama - a moment that Stewart terms "crisis on bullshit mountain".

He gleefully tracked the pundits as they blamed the concept of mathematics itself for the declaration, before trying to come to terms with the fact that Mitt Romney, the candidate they had been saying would win for months, had lost.

Watch Stewart in action here:

Jon Stewart on Mitt Romney's defeat

Caroline Crampton is assistant editor of the New Statesman. She writes a weekly podcast column.

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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.