WASHINGTON (WKYT/AP) - Barack Obama wins - he'll serve a second term as president after a hard-fought election.
CBS is calling the presidential election for Obama after Romney lost Ohio, New Hampshire, Nevada and several other key states.
Romney did win the battleground state of North Carolina.
The Chicago convention center where Obama supporters have gathered to watch the results is exploding in joy and enthusiasm. Not so at the Romney camp in Boston, which has been muted as results increasingly showed the tally of electoral votes rising in Obama's column.
Obama prevailed despite a weak economy and high unemployment.
In a tweet to supporters, Obama said, "This happened because of you. Thank you."
In Chicago, just after midnight, dozens of young staffers for President Barack Obama were streaming out of the president's campaign headquarters and heading to his victory party at the convention center. Senior advisers said the race was called much sooner than they had expected.
In his 20-minute speech to supporters after winning re-election, President Barack Obama touched on familiar themes he has emphasized throughout his presidency. He urged people to come together and said he would work with leaders in both parties to improve education, spur innovation, reduce debt and lessen global warming.
"We want to pass on a country that's safe and respected and admired around the world. A nation that is defended by the strongest military on earth and the best troops this world has ever known," he said.
He made references to victims of Superstorm Sandy and the Navy SEALS who killed Osama Bin Laden.
"This country has more wealth than any nation, but that's not what makes us rich," he said. "We have the most powerful military in history but that's not what makes us strong. Our universities, our culture are the envy of the world but that's not what keep the world coming to our shore."
It's "the belief that our destiny is shared, that this country only works when we accept certain obligations to one another."