David Jackson, USA TODAY
Barack Obama has won election as president with307 electoral votes in 26 states and the District of Columbia. He leads one other state for a total of 29 more electoral votes.
Romney won 213 electoral votes in 23 states.
President Obama claimed victory early Wednesday morning by telling supporters "the task of our union moves forward," and that the nation is not as divided as the recent campaign would suggest.
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"We know in our hears that for the United States of America, the best is yet to come," Obama told backers in Chicago.
He later said: "Tonight, you voted for action --not politics as usual."
Elected to a second term in the White House, Obama thanked his family and friends. He also paid tribute to vanquished Republican opponent Mitt Romney, who made his concession call just before the president's speech at a convention center in South Chicago.
Striking a bipartisan note, Obama said he is willing to sit down with Romney and talk about ways "to move this country forward." He also said, "despite our differences, most of us share the same hopes for our nation." He cited better education, new energy development, and reducing the federal debt.
The "best campaign team ever": and an army of volunteers who delivered turnout also came in for presidential praise.
"I've never more hopeful about our future," Obama said.
In the 435 U.S. House races, the Republicans have won 210 seats and are leading in the races for 28 seats. The Democrats have won 158 seats and are leading in the races for 36 seats.
If these trends continue the Republicans will retain control of the U.S. House and will lose 3 seats.
In the 33 U.S. Senate races, the Republicans have won 7 seats and are leading in the races for 1 seat. The Democrats have won 21 seats and are leading in the races for 2 seats. Independent and other party candidates have won or are leading for 2 seats.
(Associated Press reports were used in this story.)