Hillary Clinton expected to publicly concede defeat Wednesday morning

Democratic presidential nominee Hillary Clinton is expected to publicly concede defeat to President-elect Donald Trump in New York City on Wednesday morning, hours after the Manhattan real estate magnate defeated the former secretary of state in one of history's most astonishing political upsets.

The Clinton campaign announced Clinton would speak to staff and supporters in the Grand Ballroom of the New Yorker Hotel at 10:30 a.m. Eastern on Wednesday, about seven hours after Trump crossed the 270 electoral vote threshold to win election as the nation's 45th president.

In his victory speech at the Hilton Midtown in Manhattan early Wednesday morning, Trump said Clinton had called him to concede the race.

"I've just received a call from Secretary Clinton," Trump said. "She congratulated us — it's about us — on our victory, and I congratulated her and her family on a very, very hard-fought campaign. We owe her a major debt of gratitude for her service to our country. Now it's time for America to bind the wounds of division."

Clinton's expected concession comes more than eight years after she conceded defeat in her 2008 bid for the Democratic presidential nomination.

Trump is slated to meet Thursday with President Barack Obama — Clinton's onetime political rival-turned-ally — at the White House, Obama administration Press Secretary Josh Earnest announced Wednesday morning.