President Barack Obama muscled his way to four more years as the nation's chief executive after a drawn out fight to the finish from Republican challenger Mitt Romney, Tuesday.
With projected wins in key swing states, including Ohio, Obama surpassed the 270 electoral votes needed to claim a second term.
Despite carrying the majority of states and an early edge in the popular vote, Obama's win in Ohio made the path for victory for Romney mathematically impossible.
Click play to watch President Obama's acceptance speech. Watch Gov. Mitt Romney's concession speech below.
"Tonight in this election you, the American people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the United States of America, the best is yet to come," Obama told a cheering crowed in Chicago after winning re-election.
He said he had just spoken with Romney, who he congratulated on a hard-fought campaign.
Click here for the latest CBN News Electoral Map break down.
Earlier, from his campaign headquarters in Chicago, Obama thanked supporters on Twitter, "We're all in this together. That's how we campaigned."
Romney, who watched the returns from his Boston headquarters, called the president earlier to concede the presidential race.
He then addressed his supporters and urged Americans not to engage in partisan bickering. He said he now earnestly prays for the president.
"This is a time of great challenges for America, and I pray the president will be successful in guiding our nation," Romney said in his concession speech made just before 1 a.m. ET.
Watch Romney's concession speech: