Australia's election may have produced the second hung Parliament in 6 years
12:39 p.m. ET
Rob Griffith/Associated Press
Australia's national election on Saturday saw polls close with no party clearly possessed of the 76-seat parliamentary majority necessary to form a government. The ruling Liberal-National Coalition is in the running to hit that goal, while the Labor Party, though improving significantly over its performance in the 2013 election, will not make the cut.
"I don't think (anyone) thought it would be quite like this, but it's reminiscent of a series of Australian state elections we've had in recent times," said Nick Economou, Monash University senior lecturer in Australian Politics, "so perhaps this is the new norm where everyone is on a knife edge and you get a number of small party MPs."
The votes are expected to be fully counted by Tuesday. Bonnie Kristian