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Run-off Election in Brazil: Dilma Rousseff won with 56% and is the President Elect.

Brazil's President-elect Dilma Rousseff, of the Workers Party, gestures to supporters as she arrives to give her victory speech after winning the election runoff in Brasilia, Brazil, Sunday Oct. 31, 2010.

Ruling party candidate Dilma Rousseff won Brazil’s presidential run-off election Sunday, and vowed to continue the policies of the popular outgoing President Luiz Inacio Lula da Silva.

Ms. Rousseff told supporters in a victory speech in the capital, Brasilia, that she will continue the current government’s social welfare and economic policies.

Ms. Rousseff made the comment, shortly after she was declared the winner.

Brazil’s High Electoral Tribunal said Ms. Rousseff of the Workers Party received 56 percent of the votes, while her opponent Jose Serra of the Brazilian Social Democratic Party, had 44 percent.

Ms. Rousseff will be sworn in as president on January 1, 2011 as the country’s first female president.  She replaces her political mentor, President Lula.  The widely popular president is required to step down after serving two consecutive four-year terms in office.

Experts say the next president will face many challenges, including…READ MORE HERE.