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With less than a week remaining before the election, polls suggest that President Barack Obama is leading in Ohio, a key swing state that needs to be won if he is re-elected.

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A new Ohio poll released on Wednesday morning by CBS News, The New York Times and The Quinnipiac University Polling Institute, showed Obama maintaining a small percentage point advantage over Romney in Ohio.

As reported by CBS News:

Mr. Obama now leads Romney 50 percent to 45 percent among likely voters in Ohio – exactly where the race stood on Oct. 22. His lead in Florida, however, has shrunk from nine points in September to just one point in the new survey, which shows Mr. Obama with 48 percent support and Romney with 47 percent. The president’s lead in Virginia has shrunk from five points in early October to two points in the new survey, which shows him with a 49 percent to 47 percent advantage.

The margin of error in the poll is plus or minus three percentage points. The survey was taken from Oct. 23 to 28 and completed before the onset of the “superstorm” Sandy.

Romney has taken the lead among seniors in Florida in the new survey and increased his lead among white voters, and he has a significant advantage among independents in Virginia. In Florida and Ohio, the candidates are now running about even on handling the economy. In Virginia, Romney has an edge.

With the election less than a week away, Obama’s re-election campaign is gaining speed!