Article updated: 11/7/2012 9:24 PM

Re-elected, Obama heads back to divided government

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President Barack Obama, with his arm around daughter Sasha, and first lady Michelle Obama and eldest daughter Malia exit Air Force One at Andrews Air Force Base, Md., after a flight from Chicago on Wednesday.

ASSOCIATED PRESS

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One day after a bruising, mixed-verdict election, President Barack Obama and Republican House Speaker John Boehner both pledged Wednesday to seek a compromise to avert looming spending cuts and tax increases that threaten to plunge the economy back into recession. Added Senate Majority Leader Harry Reid, D-Nev. "Of course" an agreement is possible.