The Hill's Amie Parnes reports:
President Obama has been projected to win reelection by several networks.
The president was able to secure re-election by winning the pivotal swing state of Ohio and its 18 electoral votes. NBC, Fox and CNN all projected Obama had won a second term after 11 p.m.
The news was greeted with cheers in Chicago, the site of Obama's campaign headquarters.
Obama earlier in the evening had rolled up victories in Wisconsin, Pennsylvania, Michigan and New Hampshire, narrowing Republican Mitt Romney's path to 270 electoral votes.
Many observers had expected the night to go much later, but the election was called about 20 minutes later than when Obama won his first term in 2008.
I'll have a ton of comments about this, but that will come a bit later... stay tuned.
[Photo: White House/Pete Souza]