President Obama is re-elected

Post date: Nov 07, 2012 9:5:35 AM

The president was in Chicago as he awaited the voters' verdict on his four years in office. He told reporters he had a concession speech as well as victory remarks prepared..

President Barack Obama: the "best is yet to come."Obama said he has learned from those who supported him and those who opposed him and that he returns to Washington "more determined" and "more inspired."

He said he's hoping to work with Republicans to solve the nation's problems.

Romney called Obama to congratulate him on his victory, adding that he prays "the president will be successful in guiding our nation."

Obama won re-election despite a fierce challenge from Romney.

The president was victorious in Ohio, Iowa, New Hampshire and Colorado, four of the nine battleground states. The popular vote remained extremely close with Obama taking about 50 percent to 49 percent for Romney.

Democrats won two more years of control of the Senate, and Republicans will continue to control the House.