Networks project Obama wins re-election as U.S. president
WASHINGTON (Reuters) - Television networks projected that President Barack Obama won re-election as U.S. president over Republican Mitt Romney in Tuesday's election despite a sluggish economy and high unemployment.
Obama rode signature first-term accomplishments including the auto industry bailout and the killing of 9/11 terrorist attack mastermind Osama bin Laden to another four years in the White House. His victory ensures continued implementation of signature health care and financial sector reform laws and could bring higher taxes for the wealthy as part of deficit-cutting efforts.
(Reporting By Mark Felsenthal)
- Carnage at U.N. school as Israel pounds Gaza refugee camp |
- Moscow fights back after sanctions; battle rages near Ukraine crash site
- U.S. economy bounces back in second quarter
- EU and U.S. announce new sanctions on Russia over Ukraine |
- Obama says strains over Ukraine not leading to new Cold War with Russia