As it was announced that Barack Obama has been re-elected as US President, jubilant crowds in Chicago celebrated his win over Mitt Romney by a comfortable margin. With results now in from most states, America's first black president secured the 270 votes in the electoral college vote needed to win the race.

However Romney supporters who had gathered at his Boston campaign headquarters were stunned and some in tears as they absorbed the news that the election was over and their candidate had lost.

Prime Minister David Cameron has sent his congratulations to Barack Obama, who has been re-elected to a second term as US president. He said "I think he's a very successful US president and I look forward to working with him in the future," Mr Cameron also took the opportunity to call for trade deal between the US and EU.

However as Obama enters his second four-year term he is faced with a difficult task of tackling $1 trillion annual deficits, reducing a $16 trillion national debt, overhauling expensive social programs and dealing with a gridlocked U.S. Congress that looked likely to maintain the same partisan makeup.

I am Ann Salter thanks for watching. Stay tuned for the latest news and updates with me at ibtimes.co.uk

Written and Presented by Ann Salter