Obama Reelected President of the United States: US Media
US President Barack Obama has been reelected to another term, US media reported late Tuesday night, defeating Republican challenger Mitt Romney in a tightly contested and divisive race that saw the candidates and their backers pour an estimated $2.5 billion into the campaigns.

But the control of the US Congress remained split between the Democrats and Republicans after nationwide elections for seats in the House of Representatives and the Senate, meaning Obama will likely face continued fierce opposition to his legislative agenda in the Republican-controlled House and friendlier Democratic-controlled Senate.
Obama was projected to capture the key battleground state of Ohio and its 18 Electoral College votes, CNN reported, projecting that the win would push him over the needed 270 votes in the Electoral College to put him back in the White House.

Obama's reelection was projected by several major US television networks just before 11:30 p.m. EST (0430 GMT) after the president notched a string of projected victories in several tightly contested and strategically important states, including Ohio, Pennsylvania, Wisconsin, and New Hampshire—states that were seen as key for Romney his bid to unseat Obama.

Romney had spent Election Day on Tuesday campaigning in Ohio, a state hit hard in the US economic downturn where the Republican had hoped to convince voters he was the right person to get the economy back on track.
In a campaign that centered around the economy, Obama had attacked Romney as seeking to deal out tax cuts to the wealthiest Americans while slashing social programs aimed at the middle and lower classes.

The bitter campaign was also the most expensive in US history. The independent, non-profit Center for Responsive Politics estimated the cost of the race at about $2.5 billion, with funds coming in from the candidates' campaigns, the Democratic and Republican Party committees and an array of outside spending groups.

This flood of cash came in the aftermath of the January 2010 Supreme Court decision in the Citizens United v. Federal Election Commission case, which allows corporations, unions and issue advocacy organizations to spend unlimited amounts of money in support of or opposition to a candidate, as long as the spending is done independently of any candidate's campaign.

Following the networks' projection of Obama's reelection, neither candidate had addressed their supporters as Election Day came to a close Tuesday night, and Romney had not conceded the election as of shortly before midnight.

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Last Modified: 2012-11-07 10:00:01
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