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
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.
The last time an Australian government had to rely upon the support of independents to rule was in 1942, the
A former lawyer, Gillard seized power in an internal party dispute in June from her predecessor, Kevin Rudd, the
noted. She called this week's elections to confirm her mandate, the
This article was written by a staff member of TheStreet.