US Presidential election 2012

Democrats narrowly won majority in the US Senate while Republicans retained the control of the House of Representatives, leaving newly-elected President Barack Obama to deal with a divided Congress once again.

In a verdant oasis in the deserts of northern Mexico, Republican challenger Mitt Romney's Mormon cousins mourned his presidential election defeat on Tuesday as a lost opportunity to pull the US economy out of the doldrums.

Chanting "Four more years!" and "USA, USA!" a crowd of several thousand well-wishers danced and waved flags outside the White House late Tuesday after Barack Obama was swept back into office.

The rest of the world barely got a mention in the US elections, but what is on Obama's international diary in the remaining two months of the year is already clear.

Here's the assignment President Barack Obama has won with his re-election: Improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and US companies still too anxious to expand much.

If the president cannot end Congressional gridlock, experts warn that his second term will be reduced to veto threats, empty promises and legacy-sealing forays into foreign lands.

Susan Rice, the present US ambassador to the United Nations, is set to be secretary of state in the second Obama administration, say several sources. She will take over from Hillary Clinton.

US stocks fell more than 2% on Wednesday, putting the S&P 500 on track for its biggest drop since June, as investors shifted their focus to a looming fiscal showdown in Congress after President Barack Obama's re-election.

Barack Obama’s return as US president is sparking optimism and confidence among Americans but his second innings at the White House has made Indian IT-BPO players edgy and cautious over a possible backlash on outsourcing as a business model. Vivek Sinha reports. Wary on services, rosy on growth | Wasting no time, Obama calls leaders of Congress

Wall Street firms gambled on Mitt Romney and lost. Now, faced with the prospect of even tougher regulations in President Barack Obama’s second term, they have to build better ties with the new financial regulators he will appoint.

Singing and dancing, the ancestral village of Barack Obama celebrated on Wednesday the re-election of the son of their soil, who won because he knows how to "love all people", his grandmother said.

Tulsi Gabbard today createdhistory by becoming the first Hindu-American to have entered the US House of Representatives, winning her Hawaii seat by trouncing her Republican rival in a one-sided contest.