Obama, Huckabee Win Iowa Presidential Caucuses

(Fox News) - Barack Obama was declared the winner of the Iowa Democratic presidential caucuses Thursday night, less than two hours after voting began.

With 88 percent of the precincts reporting Thursday evening, Obama had 37 percent of the vote while John Edwards had 30 percent and Hillary Clinton had 30 percent. Bill Richardson had 2 percent.

On the Republican side, Mike Huckabee had already been declared the winner after returns showed him clearing a much larger gap between him and his opponents.

With 67 percent of precincts reporting among Republicans, Huckabee had 34 percent, Mitt Romney had 25 percent and Fred Thompson had 14 percent. John McCain had 13 percent, according to the reporting.