Obama Elected President (Video)

President Barack Obama

was declared the 44th President of the United States at 11:00 p.m ET.

McCain's camp conceded victory to Fox News just after 10:00 p.m. saying there was "no clear path to victory" after a loss in Pennsylvania and Ohio.

McCain addressed his supporters and the nation at 11:18 p.m. ET and said he had called Obama to congratulate him on his win.

President Obama becomes the first black president in US history.

View John McCain's concession speech video.

View Obama's victory speech video.