CNBC's Phil LeBeau and Hampton Pearson report on President Obama's win from the headquarters of both candidates. And the balance of power stays the same in Congress. CNBC's Eamon Javers and John Harwood have the story.
For the third Presidency in a row, a President has been re-elected to serve a second term (Bill Clinton, George W. Bush, and Barack Obama).
President Barack Obama was re-elected president Tuesday night, put over the top by the crucial battleground state of Ohio following the most expensive election in U.S. history.
Asian stocks quickly reversed their downtrend on Wednesday after news of U.S. President Barack Obama’s re-election removed a major source of uncertainty for regional markets. However, strategists told CNBC they were wary on how long the relief among investors would last.
President Obama addresses supporters in Chicago after winning re-election to a second term.
President Barack Obama speaks to supporters in Chicago on the heels of his election victory. "Whether you pounded the pavement or picked up the phone," he says, "you made a difference."
CNBC's Courtney Reagan reports the election brought about 20 million tweets. Twitter froze when it became apparent the President would win again. A picture of the President hugging the First Lady was re-tweeted 408,000 times. Even Jack Welch tweeted a congratulations to the President.
Former Massachusetts Governor Mitt Romney announces he's just called President Obama to congratulate them and say that he wishes him the best going forward into his next term.
Mitt Romney goes before supporters in Boston to say he has conceded defeat to President Obama and calls for an end to "partisan bickering" in Washington.
CNBC's John Harwood looks at the polls on the right and left and how they compared to what actually happened in the election. And news that the Romney campaign called President Obama to concede.
CNBC's Michelle Caruso-Cabrera reports on ballot initiatives around the country, including medical marijuana laws and tax issues.
Will.I.Am of the Blackeyed Peas tells Phil LeBeau why he's at the Obama camp in Chicago.
As the hotly contested U.S. presidential election drew to a close in favor of Barack Obama, Democrats appeared poised to keep control of the Senate while Republicans maintained their hold on the House of Representatives.
Hampton Pearson reports that Mitt Romney's campaign will not concede Ohio until the state determines President Obama is the winner. Sara Fagen walks viewers through Romney's thinking and the CNBC election team discusses. Jared Bernstein says the disagreement is mainly about the Bush tax cuts for upper income folks. Politico's Ben White expresses his belief that a little distance from this election, and we'll get beyond the fiscal cliff. With Keith Boykin. Also, a discussion about who will be on the President's new cabinet.
NBC News projects the Democrats have retained control of the Senate and, in fact, added two seats, including Democrats Tim Kaine from Virginia and Mazie Hirono from Hawaii. CNBC's Eamon Javers reports. Contributor Jared Bernstein says with his re-election, the President and Congress should be able to find a way to work together. Sara Fagen says the President can now begin to work on his legacy. Jim Pethakoukis says he believes there can be a "petite" bargain on tax reform. And John Allison, CATO Institute, discusses the long-term economic prospects for the country.
CNBC's Scott Cohn reports the results in Ohio are not complete, but the ballots the state is waiting for are from areas where President Obama is expected to be strong. With CNBC's John Harwood, Larry Kudlow, Maria Bartiromo, Rick Santelli, Steve Liesman and Carl Quintanilla. Kathryn Wylde, Partnership for New York City, discusses where the country must go from here. Carly Fiorina weighs in on the Republican party and the need for President Obama to reach across the aisle to his opponents. CNBC contributor Howard Dean says if Obama wins Colorado, Ohio doesn't matter.
Speaking just moments after NBC News projected President Obama will win re-election, investor Jim Rogers reacts negatively to the news.
Reaction to another four years of President Obama, with CNBC's Steve Liesman, Rick Santelli, Larry Kudlow, Maria Bartiromo and Brian Sullivan. Hampton Pearson reports the Romney camp doesn't believe the Ohio call and is clinging to the hope that it isn't over. CNBC contributor Keith Boykin weighs in.
President Obama wins Ohio, which puts him over the 270 electoral votes he needed to win the election.
NBC News projects California and Hawaii will go to Obama, while Romney wins Idaho and North Carolina. And Obama wins Washington, as well. Meanwhile, Colorado, Virginia and Florida are still too close to call.