In loving memory of Barry Lionel Taylor 11th August 2012 ( benyamin labe ben pinchas 23 av 5772 )
America’s first black president secured the 270 votes in the electoral college needed to win the race.
In his victory speech before supporters in Chicago, Mr Obama said he would talk to Mr Romney about “where we can work together to move this country forward”.
Mr Obama prevailed despite lingering dissatisfaction with the economy and a hard-fought challenge by Mr Romney.
His Democrats also retained their majority in the Senate, which they have held since 2007, while Republicans kept control of the House.
The BBC’s Mark Mardell in Chicago says the president is challenging his opponents, asking them to work with him.
With Florida’s 29 electoral votes still undecided, Mr Obama won 303 electoral votes to Mr Romney’s 206.
The popular vote, which is symbolically and politically important but not decisive in the race, remains very close.
Mr Obama greeted jubilant supporters and congratulated Mr Romney and Republican vice-presidential candidate Paul Ryan on their hard-fought campaign.
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