Donald Trump is Time magazine’s Person of the Year

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WASHINGTON — Donald Trump is Time magazine's Person of the Year.

The president-elect's selection was announced Wednesday morning on NBC's "Today" show.

The Manhattan real estate magnate went from fiery underdog to win the White House over Democrat Hillary Clinton.

Trump won the Electoral College vote, while Clinton won the popular vote.

Time's managing editor Nancy Gibbs said Clinton was the No. 2 finalist.

Meanwhile, Trump and Chicago Mayor Rahm Emanuel are scheduled to meet in New York City at 9 a.m. central.

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