Best is yet to come: Obama

After months of no holds barred campaigning against Mitt Romney, US President Barack Obama today promised to work with his Republican rival to take the debt-ridden nation forward, saying that "the best is yet to come".

In his victory speech after storming to a second term, Obama said, "In the weeks ahead, I also look forward to sitting down with Governor Romney to talk about where we can work together to move this country forward." "I just spoke with Governor Romney and I congratulated him and Paul Ryan on a hard-fought campaign," he said, addressing thousands of enthusiastic crowds in Chicago, his election campaign headquarters. Also read: Look forward to continue rewarding association: PM to Obama "We may have battled fiercely, but it's only because we love this country deeply and we care so strongly about its future. From George to Lenore to their son Mitt, the Romney family has chosen to give back to America through public service and that is the legacy that we honour and applaud tonight," 51-year-old Obama said. "Tonight, in this election, you, the American people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the United States of America the best is yet to come," the US President said. Obama will return back to Washington tomorrow. Earlier Romney conceded defeat, wishing Obama a successful second term in guiding the country through great challenges. "I have just called President Obama to congratulate him, his campaign and his supporters on the victory. I have wished him, his wife and daughters," 65-year-old Romney told his cheering supporters shortly after networks declared his defeat. During their campaign, Obama and Romney highlighted their sharp divisions over the role of government in Americans' lives, especially in bringing down the stubbornly high unemployment rate, reducing the USD 1 trillion-plus federal budget deficit and shrinking a national debt that has crept over USD 16 trillion.