CHICAGO (AP) -- President Barack Obama says the American people have "picked ourselves up" and fought back during tough economic times, declaring after winning re-election that the "best is yet to come."
Obama says he wants to meet with Republican rival Mitt Romney to discuss how they can work together. He says they may have "battled fiercely, but it's only because we love this country deeply."
The president rolled to a second term over Romney, winning more than 300 electoral votes.
Obama was welcomed by thunderous applause as he arrived on stage in his hometown, joined by first lady Michelle Obama and daughters Sasha and Malia.
UPDATE: Romney congratulates Obama
WASHINGTON (AP) -- Mitt Romney is conceding that his hard-fought presidential bid has ended in failure. He told supporters in Boston that he gave it his all and that he is now praying that President Barack Obama will be successful in guiding the nation.
Romney said, "This election is over, but our principles endure."