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 Barack Obama’s re-election could mean a tough road for stocks unless there’s some sign soon that he and Congress will avoid taking the economy and the country off the “fiscal cliff.”
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.
President Obama wins Ohio, which puts him over the 270 electoral votes he needed to win the election.
Eamon Javers reports Democrats have gained two seats in the Senate.
President Obama wins Minnesota and Romney wins Missouri, while Scott Cohn reports from Columbus, Ohio, that provisional ballots could be extremely important if the race stays as tight as it currently is. Diana Olick says turnout in VA was higher than 2008, and troubles with voting lines in the northern part of the state could delay the state's results. And Mary Thompson reports from Florida the vote in that state could be subject to an automatic recount.
Florida and Virginia are extremely tight, reports CNBC's John Harwood. Grover Norquist, Americans for Tax Reform, discusses the House race, with Republican consultant Sara Fagen and CNBC contributor Jared Bernstein. Norquist says you need to reduce spending or have more economic growth to reduce the deficit. Not by raising taxes.
Where the electoral vote count stands. The signs are not good for Mitt Romney, says CNBC's John Harwood. If President Obama carries Florida, the election is essentially over. Anthony Scaramucci of Skybridge Capital, weighs in from the Romney headquarters in Massachusetts. If Obama pivots and becomes a more pro-growth President, he says, we'll do a lot better. And Eamon Javers reports that in Nebraska, Republican Deb Fischer has defeated Democrat Bob Kerrey in the Nebraska Senate race.
A roundup of the battleground states with a number too close to call. CNBC's Jane Wells reports on the race in Nevada, where the polls have just closed. CNBC's Jim Cramer talks about the race in Nevada and what's going on in the futures markets. Former Democratic VA Governor Douglas Wilder discusses the electoral vote and what's likely to happen in his home state. And Eamon Javers reports on Democrat Claire McCaskill's defeat of Republican Todd Akin in Missouri's Senate race.
President Obama questioner Velma Hart discusses her feelings about the first Obama term, and says she's "election exhausted." It's all about the American people, she says. Sara Fagen, Republican strategist, and Jared Bernstein, CNBC contributor, discuss the evening's developments. There haven't been any real surprises, says Bernstein. Turnout has been strong in places that favor the President.
Democrat Elizabeth Warren defeats Republican Scott Brown in the Senate race in Massachusetts. CNBC's John Harwood talks about the factors behind Warren's win and the stunning defeat of Republican Richard Mourdock in Indiana.
A rundown of the latest election results and how the Presidential race is trending. Michelle Caruso-Cabrera reports on medical marijuana initiatives and Gubernatorial races around the country. Former FDIC Chair Sheila Bair joins CNBC's Steve Liesman and Rick Santelli to discuss how an Obama re-election could impact the financial industry.
Camden Fine, Independent Community Bankers of America, says new members of the Senate Banking Committee could add more traction to the breaking up the big banks movement. Gordon Bethune, former Continental Airlines CEO, says electing Obama sets a huge directional change for the country. And former HP CEO and Romney adviser Carly Fiorina says losses in the Florida and Connecticut Senate races are disappointing. Eamon Javers reports Republicans will retain the House, but in Massachusetts, Democrat Elizabeth Warren is leading incumbent Scott Brown in their Senate race.
CNBC's Maria Bartiromo and Carl Quintanilla provide the latest electoral vote update. Larry Kudlow offers his opinion on the "fiscal cliff," and says if the Senate stays Democratic, the issue will become more contentious. Eric Cantor (R-VA) offers his take on the battleground states, and particularly the turnout in Virginia. NBC's Mike Taibbi, reports from Colorado. John Harwood reports there have been no surprises so far, but that Michigan (where Romney was born) going for Obama is a bit of a Republican disappointment. Tom Stemberg, Staples co-founder and Don Peebles, CEO & Chairman of The Peebles Corporation, discuss the latest electoral numbers and whether Congress and the President will be able to work together. PA goes for Obama.
CNBC's Courtney Reagan reports on social media trends this election eve.
David Walker, Comeback America Initiative, and Austan Goolsbee, former Council of Economic Advisers chairman, discuss what needs to be done to avoid the fiscal cliff.
Results in the battleground states will soon start to come in and CNBC's John Harwood, Larry Kudlow, Carl Quintanilla, Maria Bartiromo, and Steve Liesman discuss the states Governor Romney needs to win. Rick Santelli discusses economic issues important to voters. CNBC's Eamon Javers reports that Chris Murphy will win the Connecticut Senate race over Linda McMahon. Governor Bob McDonnell (R-VA) talks about voter turnout in his state. And Glenn Hutchins of Silver Lake Partners, discusses which candidate is best for job creation as well as government's role in making it possible.
Projecting winners in House and Senate races around the country, with CNBC's Eamon Javers. Former PA Governor Ed Rendell (D) and former Senator Judd Gregg (R-NH) discuss the race in Pennsylvania and other battleground states.