With the election over, it's time for President Obama to turn his attention to the approaching fiscal cliff.

President Barack Obama won re-election and in his acceptance speech he hinted to all the great things still to come in America, however, many reports are wondering what will happen with the current issues that our nation faces.

President Barack Obama defeated Republican nominee Mitt Romney on Tuesday to garner a re-election into the Oval Office. Obama exceeded the 270-vote minimum needed for a second term with an Electoral College win in Ohio. The Democratic candidate also was victorious in another one of the swing states, Virginia, which gave him 303 electoral votes to Romney's 206.

It was a tight race, but America chose to re-elect President Obama. Romney had previously told reporters earlier that he had only prepared one speech, the acceptance speech. However, the Republican presidential candidate prepared his speech and addressed his crowd of supporters with dignity and grace.