Update: Rio de Janeiro has been awarded the 2016 Summer Olympic Games. This is the first time a country in South America will host the Olympics! The delegation from Brazil jumped and cheered in celebration when the IOC made the announcement.
The IOC unexpectedly decided to drop Chicago from contention for the 2016 Olympics in the first round of voting. It had been expected that the final vote would come down to Chicago and Rio de Janeiro. Tokyo was dropped in the second round, and Madrid and Rio are still in the running as the vote continues. President Obama, Michelle Obama, and Oprah had traveled to Copenhagen to make a passionate pitch for their hometown, but in the end, it wasn't enough.