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"If no candidate receives a majority of electoral votes, the House of Representatives elects the President from the 3 Presidential candidates who received the most electoral votes. Each State delegation has one vote. The Senate would elect the Vice President from the 2 Vice Presidential candidates with the most electoral votes. Each Senator would cast one vote for Vice President. If the House of Representatives fails to elect a President by Inauguration Day, the Vice-President Elect serves as acting President until the deadlock is resolved in the House."
http://www.archives.gov/federal-register/electoral-college/faq.html#270
http://www.archives.gov/federal-register/electoral-college/faq.html#270
If no candidate gets the required number of electoral votes, the election is thrown into the House of Representatives where each state delegate gets 1 vote. Presidents who were elected this way include Thomas Jefferson (1800), John Quincy Adams (1824), and Rutherford B. Hayes (1876).
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