President Barack Obama has been named TIME magazine's "Person of the Year" for a second time after landing an impressive re-election campaign. TIME's Managing Editor Rick Stengel revealed this year's honored figure on "TODAY" on Dec. 19, and explained why Obama was chosen.

The "My Way" singer has come under fire after officials in Georgia allowed him to cut to the front of the line to cast his ballot on Election Day.

President Obama wasn't the only winner on Election Day 2012, for achieving landslide victory that led to his re-election; the First Daughters also earned kudos in the style department.Malia and her younger sister Sasha both channeled the stylish conservative vibe their mother, First Lady Michelle Obama is widely known for. The First Daughters wore age-appropriate chic full skirts with basic dark tops with fun accessories.The New York Times fashion critic Cathy Horyn, thought the girls' look was the highlight of Election Night. The journalist, who is known for doling out witty criticism to the top fashion luxury designers for the newspaper, applauded the First Daughters for upping their style quotient. "The Obama girls might be the fashion news tonight-full skirts, bright color, cute," tweeted Horyn.

Obama has secured 50 percent of the popular vote thus far. Though it has been two whole days since Barack Obama official won a second term as president of the United States, the final wave of election results are still pouring in.