Incumbent President Barack Obama defeats Romney, who accepts it gracefully. Obama was re elected into office despite the high rate of unemployment and the weak state of the US Economy . He however says that his focus this tenure will be on reforming the tax code, reforming the nation’s immigration system and reducing America’s dependence on foreign oil as well as its budget deficit. He also added that he would be looking forward to talks with Romney on how to move the country further. Obama fully surpassed the 270 electoral votes required to win and led 1 million votes in popularity.