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november 06, 2012 • 11:23 PM • last update 11:31 PM

Obama wins re-election as U.S. president

U.S. President Barack Obama appears with tears on his cheek during remarks at his final presidential campaign rally in Des Moines, Iowa, November 5, 2012, on the eve of the U.S. presidential elections.
Foto: Jason Reed / 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.

Obama won Ohio, according to the projections, giving him more than the 270 electoral votes needed to win.

Reuters Terra