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Barack Obama heads to White House as fiscal cliff looms Barack Obama heads to White House as fiscal cliff looms
(about 3 hours later)
US President Barack Obama has returned with his family to Washington DC to face a bulging in-tray after winning a second term in office.US President Barack Obama has returned with his family to Washington DC to face a bulging in-tray after winning a second term in office.
The Obamas flew from their Chicago base, arriving at Andrews Air Force Base about 18:30 (23:30 GMT).The Obamas flew from their Chicago base, arriving at Andrews Air Force Base about 18:30 (23:30 GMT).
He needs to work with Republicans in Congress to confront a looming "fiscal cliff" of tax rises and spending cuts.He needs to work with Republicans in Congress to confront a looming "fiscal cliff" of tax rises and spending cuts.
The Republicans retained control of the House of Representatives on Tuesday, but failed to take the Senate.The Republicans retained control of the House of Representatives on Tuesday, but failed to take the Senate.
In his state-by-state battle with Republican Mitt Romney, Mr Obama has so far won 303 electoral college votes to Mr Romney's 206, past the 270-vote winning post.In his state-by-state battle with Republican Mitt Romney, Mr Obama has so far won 303 electoral college votes to Mr Romney's 206, past the 270-vote winning post.
In Florida, a state with 29 electoral votes, absentee ballots are still being counted and the race remains too close to call.In Florida, a state with 29 electoral votes, absentee ballots are still being counted and the race remains too close to call.
Before Mr Obama's Washington return on Wednesday, House Speaker John Boehner hinted at the possibility of a compromise if the president agreed to tax reform.Before Mr Obama's Washington return on Wednesday, House Speaker John Boehner hinted at the possibility of a compromise if the president agreed to tax reform.
303 Barack Obama -33 electoral votes needed for Democrat win 206 Mitt Romney 64 electoral votes needed for Republican win
  • California 55
  • Colorado 9
  • Connecticut 7
  • District of Colombria 3
  • Delaware 3
  • Hawaii 4
  • Iowa 6
  • Illinois 20
  • Massachusetts 11
  • Maryland 10
  • Maine 4
  • Michigan 16
  • Minnesota 10
  • Nebraska 0
  • New Hampshire 4
  • New Jersey 14
  • New Mexico 5
  • Nevada 6
  • New York 29
  • Ohio 18
  • Oregon 7
  • Pennsylvania 20
  • Rhode Island 4
  • Virginia 13
  • Vermont 3
  • Washington 12
  • Wisconsin 10
  • Alaska 3
  • Alabama 9
  • Arkansas 6
  • Arizona 11
  • Georgia 16
  • Idaho 4
  • Indiana 11
  • Kansas 6
  • Kentucky 8
  • Louisiana 8
  • Maine 0
  • Missouri 10
  • Mississippi 6
  • Montana 3
  • North Carolina 15
  • North Dakota 3
  • Nebraska 5
  • Oklahoma 7
  • South Carolina 9
  • South Dakota 3
  • Tennessee 11
  • Texas 38
  • Utah 6
  • West Virginia 5
  • Wyoming 3
270 to win Results in full		 303 Barack Obama -33 electoral votes needed for Democrat win 206 Mitt Romney 64 electoral votes needed for Republican win
  • California 55
  • Colorado 9
  • Connecticut 7
  • District of Colombria 3
  • Delaware 3
  • Hawaii 4
  • Iowa 6
  • Illinois 20
  • Massachusetts 11
  • Maryland 10
  • Maine 4
  • Michigan 16
  • Minnesota 10
  • Nebraska 0
  • New Hampshire 4
  • New Jersey 14
  • New Mexico 5
  • Nevada 6
  • New York 29
  • Ohio 18
  • Oregon 7
  • Pennsylvania 20
  • Rhode Island 4
  • Virginia 13
  • Vermont 3
  • Washington 12
  • Wisconsin 10
  • Alaska 3
  • Alabama 9
  • Arkansas 6
  • Arizona 11
  • Georgia 16
  • Idaho 4
  • Indiana 11
  • Kansas 6
  • Kentucky 8
  • Louisiana 8
  • Maine 0
  • Missouri 10
  • Mississippi 6
  • Montana 3
  • North Carolina 15
  • North Dakota 3
  • Nebraska 5
  • Oklahoma 7
  • South Carolina 9
  • South Dakota 3
  • Tennessee 11
  • Texas 38
  • Utah 6
  • West Virginia 5
  • Wyoming 3
270 to win Results in full
Mr Boehner, who negotiated with Mr Obama over a so-called "grand bargain" of spending cuts and new revenues in 2011, said he would accept new revenue-raising as part of a tax reform deal.Mr Boehner, who negotiated with Mr Obama over a so-called "grand bargain" of spending cuts and new revenues in 2011, said he would accept new revenue-raising as part of a tax reform deal.
Time is tight: Bush-era tax cuts are due to expire at the end of 2012, and automatic, mandatory across-the-board cuts to military and domestic spending are also in the pipeline unless a deal can be reached.Time is tight: Bush-era tax cuts are due to expire at the end of 2012, and automatic, mandatory across-the-board cuts to military and domestic spending are also in the pipeline unless a deal can be reached.
Economists say the overall effect of falling off the "fiscal cliff" could tip the US into recession.Economists say the overall effect of falling off the "fiscal cliff" could tip the US into recession.
Pledge for bipartisanshipPledge for bipartisanship
In his first public remarks since the election, Mr Boehner said Republicans in the House of Representatives stood ready to work with the president on avoiding the fiscal cliff.In his first public remarks since the election, Mr Boehner said Republicans in the House of Representatives stood ready to work with the president on avoiding the fiscal cliff.
He said Republicans - previously strongly opposed to any new tax-related revenue - would be willing to compromise as long as the tax code was reformed and accompanied by changes to benefit programmes.He said Republicans - previously strongly opposed to any new tax-related revenue - would be willing to compromise as long as the tax code was reformed and accompanied by changes to benefit programmes.
"Mr President, this is your moment. We're ready to be led, not as Democrats or Republicans, but as Americans," Mr Boehner said. "We want you to succeed.""Mr President, this is your moment. We're ready to be led, not as Democrats or Republicans, but as Americans," Mr Boehner said. "We want you to succeed."
Mr Obama's prospects for his second term will hinge on the his relationship with Mr Boehner and congressional Republicans.Mr Obama's prospects for his second term will hinge on the his relationship with Mr Boehner and congressional Republicans.
Vice-President Joe Biden told reporters aboard Air Force Two that there was much work to be done.Vice-President Joe Biden told reporters aboard Air Force Two that there was much work to be done.
"We're really anxious to get moving on, first of all, dealing with the first things first, this fiscal cliff. I think we can do it," Mr Biden said."We're really anxious to get moving on, first of all, dealing with the first things first, this fiscal cliff. I think we can do it," Mr Biden said.
But he added that negotiations would depend on how co-operative their Republican colleagues were.But he added that negotiations would depend on how co-operative their Republican colleagues were.
Reacting to Mr Obama's win, Mitch McConnell, the Republican minority leader in the Senate, said voters had not endorsed "the failures or excesses of the president's first term", but had given him "more time to finish the job" by working with Congress.Reacting to Mr Obama's win, Mitch McConnell, the Republican minority leader in the Senate, said voters had not endorsed "the failures or excesses of the president's first term", but had given him "more time to finish the job" by working with Congress.
In the president's acceptance speech at his campaign headquarters in Chicago on Tuesday night, Mr Obama also pledged to consult his campaign rival Mitt Romney and explore ways to work together.In the president's acceptance speech at his campaign headquarters in Chicago on Tuesday night, Mr Obama also pledged to consult his campaign rival Mitt Romney and explore ways to work together.
When the Republican conceded defeat with a brief speech shortly after midnight on Wednesday in Boston, Mr Romney urged both parties to "put the people before politics".When the Republican conceded defeat with a brief speech shortly after midnight on Wednesday in Boston, Mr Romney urged both parties to "put the people before politics".
Steering recoverySteering recovery
Congress returns next week to begin dealing with the fiscal cliff.Congress returns next week to begin dealing with the fiscal cliff.
The fragile economy was rated the top issue by about six out of 10 voters in Tuesday's exit polls. But most of them blamed former President George W Bush for the downturn.The fragile economy was rated the top issue by about six out of 10 voters in Tuesday's exit polls. But most of them blamed former President George W Bush for the downturn.
Economists warn that if the fiscal cliff takes effect in January, it could reduce GDP by enough to put the US back in recession in the first half of 2013.Economists warn that if the fiscal cliff takes effect in January, it could reduce GDP by enough to put the US back in recession in the first half of 2013.
Mr Obama was re-elected with the highest unemployment rate - at 7.9% - for any incumbent president since the US wartime leader Franklin Roosevelt.Mr Obama was re-elected with the highest unemployment rate - at 7.9% - for any incumbent president since the US wartime leader Franklin Roosevelt.
Preliminary figures suggest fewer people voted than four years ago.Preliminary figures suggest fewer people voted than four years ago.
With most ballots tallied, more than 117 million people participated, compared to record-breaking figures of 131 million four years ago.With most ballots tallied, more than 117 million people participated, compared to record-breaking figures of 131 million four years ago.
Turnout was down sharply in some states, including Texas, as well as states on the US East Coast that were hit hard by superstorm Sandy.Turnout was down sharply in some states, including Texas, as well as states on the US East Coast that were hit hard by superstorm Sandy.
In addition to the presidential and congressional races, Americans voted on a number of state-wide legal issues.In addition to the presidential and congressional races, Americans voted on a number of state-wide legal issues.
  • Referendums in Maine, Maryland and Washington state approved same-sex marriage, while a measure in Minnesota to block gay unions failed
  • Colorado and Washington state voted to legalise recreational use of marijuana
  • California voters rejected a proposal to abolish the death penalty
  • In a referendum, Puerto Ricans voted in favour of becoming the 51st US state, if Congress approves the move.
  • Referendums in Maine, Maryland and Washington state approved same-sex marriage, while a measure in Minnesota to block gay unions failed
  • Colorado and Washington state voted to legalise recreational use of marijuana
  • California voters rejected a proposal to abolish the death penalty
  • In a referendum, Puerto Ricans voted in favour of becoming the 51st US state, if Congress approves the move.