term, defeating Republican challenger Mitt Romney.
With results in from most states, America's first black
president has secured the 270 votes in the electoral college
needed to win the race.
Mr Obama prevailed despite lingering dissatisfaction with the
economy and a well-funded challenge by Mr Romney.
Mr Obama's margin of victory is not yet certain because three
states have yet to report results.
With swing states Virginia and Florida still too close to call,
Mr Obama has won 281 electoral votes to Mr Romney's 203.
The state of Alaska, where polls have yet to close, is expected
to vote for the Republican.
Under the US constitution, each state is given a number of
electoral votes in rough proportion to its population. The
candidate who wins 270 electoral votes - by prevailing in the
mostly winner-takes-all state contests - becomes president.
The popular vote, which is symbolically and politically
important but not decisive in the race, remains too close to
call.
On Tuesday, the president held the White House by
assembling solid Democratic states and a number of important
swing states such as Colorado, Iowa, Pennsylvania, Michigan,
Minnesota and Wisconsin. His narrow victory in Ohio, a
critical Mid-Western swing state, sealed the victory.
Mr Romney, a former governor of Massachusetts, won North
Carolina and Indiana, as well as the solid Republican states.
But he was unable to win in Ohio or other states needed to
breach the 270 threshold.
Also on Tuesday's ballot were 11 state governorships, a third
of the seats in the 100-member US Senate and all 435 seats in
the House of Representatives.
Republicans are projected to keep control of the House, while
Democrats are tipped to remain in control in the Senate.
Mr Obama's re-election victory came despite lingering high
employment - 7.9% on election day - and tepid economic
growth.
But voters gave him credit for his 2009 rescue of the US auto
industry, among other policy accomplishments, and rewarded
him for ordering the commando mission that killed Osama
Bin Laden in Pakistan last year.
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