BREAKING: Biden congratulates Trump on win, invites him back to White House to begin transition of power

Democratic candidate Kamala Harris also called Trump on Wednesday to concede the race after Trump was declared the winner in the early hours of Wednesday. As of Wednesday afternoon, Trump has received 292 electoral college votes to Harris' 224, according to the Associated Press. The first to reach 270 is declared the winner.

A Harris aide said that Harris had called to congratulate Trump on winning, and "discussed the importance of a peaceful transfer of power and being a president for all Americans."

Biden was the original Democratic candidate in the race but dropped out in July after increasing pressure from his own party in the wake of an abysmal debate performance against Trump. Harris was quickly selected as the replacement for Biden, despite receiving no votes in the primaries.

Inauguration Day will take place on Monday, January 20, 2025, when Trump will have his second term in the White House. He is only the second president to serve a second non-consecutive term.