President Barack Obama will serve a second term after a tight race that went down to the wire on Tuesday night, according to a CNN projection.
Tuesday's dramatic election results were the culmination of a hard-fought campaign that lasted for more than a year.
As President Obama took the ever-blue Northeast and Mitt Romney won the conservative base, it was battleground states such as Virginia and Ohio that made all the difference in the outcome.
Out of the total 538 electoral votes, President Obama has already won 274, needing only 270 to secure a victory.
Before the final results came in, The Associated Press reports that Romney congratulated Obama from Boston, Massachusetts on running a "strong campaign." Likewise, Obama reportedly addressed his opponent from a campaign office in Chicago, saying, "Congratulations on a spirited campaign. I know his supporters are just as engaged, just as enthusiastic and working just as hard today."
Just as Obama became the first black president in 2008, this year Romney became the first Mormon to win a nomination for the executive office.