Governor Mitt Romney/Governor Bob McDonnell 275 EV 48.76% PV
President Barack Obama/Vice President Joe Biden 263 EV 48.59% PV
The election goes back and forth all night until Romney is declared the winner at 3:16 AM the morning following election day.
President Obama gives a most gracious concession speech wishing Romney well, and pledges his complete cooperation during the transition. President Elect Romney gives an equally gracious victory speech, calling on the nation to unite, and to work with him in addressing the important issues facing America.