Mitt Romney Gracefully Exits, Concedes Victory To President
Description:Mitt Romney has conceded to President Barack Obama.
"I have just called President Obama to congratulate him on his victory," Romney said.
He said the nation is at a critical point and urged Americans not to engage in partisan bickering.
"I pray that the president will be successful in guiding our nation," Romney said.
Romney had been out of sight in a hotel room with family throughout the night as the election results came in showing a decisive re-election victory for President Barack Obama.(3:57)