FoxNews.com: Obama defeats Romney to win second term, vows he has ‘more work to do’

President Obama won a second term in the White House Tuesday night, overcoming concerns about the fragile economic recovery to soundly defeat Republican nominee Mitt Romney.

“We’ve got more work to do,” Obama declared, addressing a cheering crowd at his victory rally in Chicago early Wednesday morning. The president spoke to supporters at his campaign headquarters shortly after Romney called Obama to concede. Obama congratulated his opponent on a “hard-fought campaign.”

After one of the nastiest political battles and most gridlocked terms in modern American history, the president vowed to reach out to the other side in a second term on everything from immigration to the deficit. He asked supporters to keep the “hope,” and said that while the “passions” and “controversy” won’t wane after Election Day, “progress will come in fits and starts.”

“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,” the clearly fired-up president told the crowd.

Romney conceded shortly after midnight, delivering a brief speech to a subdued crowd of supporters at his Boston headquarters where he said he would “pray that the president will be successful in guiding our nation.”

The former Massachusetts governor urged Washington’s politicians to set aside the “bickering” and “political posturing” going forward, and “put the people before the politics.”

“This election is over, but our principles endure,” Romney said.

The president’s projected victory came shortly after he was declared the winner in the crucial battleground of Ohio. The president was leading by a narrow margin in that state as returns continued to stream in overnight, but a streak of victories in other battlegrounds put him well over the 270 electoral votes required to win. The count, with the results from Florida still not in, stood at 303 electoral votes for Obama, to Romney’s 206……..Read More

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