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Australian Election Too Close to Call

Australian politicians will struggle to form a government in coming days after results from Saturday's election yield no clear winner.

CANBERRA, Australia (TheStreet) -- Australian politicians will struggle in coming days to form a new government after Saturday's nailbiter of an election yielded no clear winner.

Prime Minister Julia Gillard said Saturday that the election was "too close to call" and that she would stay on as a caretaker leader as votes continue to be counted, the

Associated Press


Electoral officials said early Sunday that Gillard's center-left Labor Party and a coalition led by the conservative Liberal Party each had 71 seats, leaving both short of a 76-seat majority, the



Tony Abott, the leader of the Liberal Party, said he would start negotiating with independent members of parliament to form a government.

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This article was written by a staff member of TheStreet.