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

President Obama won a second White House term 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. Obama spoke to supporters at his campaign headquarters shortly after Romney called the president 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.

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