Gibbs: Obama in strong position to win undecided voters on Election Day

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"We felt the president would have a better reach to sit here and do some satellite interviews into states and make sure that the folks that we have out getting out our vote in important states aren't burdened by having to support him coming in to their state today," Gibbs said on NBC's "Today" show on Tuesday. "So I think we feel like we've got a great opportunity for the president to speak with still undecided voters in those nine battleground states today."

Obama is set to spend the day in his hometown of Chicago. He will do a number of phone interviews for stations in battleground states Tuesday morning. The president is also scheduled to continue his time-honored Election Day tradition of playing pickup basketball with close friends. 

Mitt Romney and GOP vice presidential nominee Rep. Paul Ryan (R-Wis.), however, scheduled a number of last-minute campaign events in Ohio, Pennsylvania and Virginia.