In 1992, the president of the United States was George H. W. Bush until January 20, 1993. He was the incumbent president running for re-election but was defeated in the November 1992 election by Bill Clinton. Bill Clinton won the presidential election held on November 3, 1992, and was inaugurated as the 42nd president in January 1993.
So, for the majority of 1992, George H. W. Bush was president, and Bill Clinton was elected president at the end of that year but did not take office until early 1993.
