Obama pledges to seek greater common ground in second term
WASHINGTON - With a major fiscal crisis and scars from a bitter election looming over the horizon, a newly re-elected United States President Barack Obama held out an olive branch to his political rivals and pledged to seek greater common ground in his second term.
"A long campaign is now over," the 51-year-old Democratic incumbent said after clinching a decisive victory over his Republican rival Mitt Romney.
"In the coming weeks and months, I am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together: reducing our deficit, reforming our tax code, fixing our immigration system... We've got more work to do."
A divided Congress, largely unchanged despite the election, will put a damper on any of these major initiatives. The Democrats hung on to their control of the Senate, and the Republicans retained their majority in the House of Representatives.