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It is official, President Barack Obama has won a second term as POTUS.

It was all cheers at the Election 2012 Results Parties at Excelsior and Cosmos when the major news networks announced that President Obama had won another term.

For many the announcement, which came earlier than expected, provided a sigh of relief for voters who had spent much of the night concerned about the outcome of the election.

Though it was a tight race, President Obama was able to secure victories in key states, including Ohio, Pennsylvania and Wisconsin.

Check out the electoral college map.