Reaction to President Barack Obama's victory was swift and passionate. Across the country, Obama supporters cheered. Supporters of Mitt Romney were left wondering why the Republican's White House bid fell short.
In his victory speech, President Obama pledged to work with Congress to solve the nation's problems.
"And in the coming weeks and months I am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together," he said. "Reducing our deficit. Reforming our tax code. We have got more work do."
Romney said it's time to put partisan politics aside and work together for the good of the country.
"This is a time of great challenges for America, and I pray that the president will be successful in guiding our nation," said Romney.
The economy ranked as the top issue by nearly 60 percent of voters surveyed as they left polling places. Analysts say an improved economy made the difference in the key state of Ohio, where President Obama was credited with preventing the collapse of the US auto industry and saving jobs.
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