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President Obama delivers his victory speech in Chicago after winning a second term.

By holding the "Midwest firewall" — including Ohio, Wisconsin, and Michigan — the president handily defeated challenger Mitt Romney. Obama won seven of the eight battleground states and is ahead in Florida, the final battleground.

The battle for the Senate was a proving ground for the new Citizens United politics. Outside groups unleashed heavily funded barrages of attack ads meant to help elect candidates while letting them keep their distance from the nastiness. In Ohio and Virginia, the tactic failed in rather dramatic ways.

Voters in North Carolina put a Republican in their governor's office for the first time in two decades, and New Hampshire elected a new female Democratic governor. But the closely watched races in Montana and Washington, where Democrats currently serve as governors, remained too close to call.

Two independent candidates won their Senate races on Tuesday, but third-party candidates barely put a dent in the presidential outcome.

Melissa Block talks to Andrew Kohut of the Pew Research Center about early exit poll results.

Melissa Block talks with Don Gonyea as polls close in Ohio.

Robert Siegel talks with Ron Elving about the big picture of Tuesday's elections.

Robert Siegel talks with Brian Naylor in Virginia, where the polls have closed.

Residents of Guam don't get to vote for president. But they do hold a straw poll on election day. Those results are now in: just over 20,000 for President Obama, and some 8,500 for Republican challenger Mitt Romney. Jayne Flores, a contributing reporter to member station KPRG, talks about the poll.