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    Obama wins second term

    •November 7, 2012
    • President Barack Obama waves as he walks on stage with first lady Michelle Obama and daughters Malia and Sasha at his election night party Wednesday, Nov. 7, 2012, in Chicago. Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Carolyn Kaster)
    • Jessica Clark celebrates with others in Times Square on November 6, 2012 in New York City.  Clark said she voted for the first time in Tuesday's election.  According to network projections incumbent U.S. President Barack Obama has won a second term.  (Photo by John Moore/Getty Images)
    • Supporters cheer as they wait for President Barack Obama at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Pablo Martinez Monsivais)
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    President Barack Obama waves as he walks on stage with first lady Michelle Obama and daughters Malia and Sasha at his election night party Wednesday, Nov. 7, 2012, in Chicago. Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Carolyn Kaster)

    President Barack Obama wins re-election.