The Prime Minister, Scott Morrison, announced that he has spoken to the leader of the opposition, Anthony Albanese, and congratulated him on his election victory. Morrison also stated that he will be stepping down as the leader of his party. Albanese expressed his intention to bring the nation together and lead that effort. Treasurer Josh Frydenberg acknowledged the difficulty of winning in Kooyong, but it is still mathematically possible. Albanese, the incoming Prime Minister, is a pragmatic leader from a working-class background who has promised to unite the country and end divisions. The Parliament consists of 151 seats in the House of Representatives, with 76 needed for a majority government. With 55% of the vote counted, Labor had 72 seats, the coalition had 52, and independents and the Greens had 11. The Australian Broadcasting Corp projected that 16 seats were still undecided. In the Senate, there are 76 seats - 12 for each state and two each for two territories. There are 40 Senate seats up for election, with six from each state and four from the territories. The winner of the economy faces challenges such as high inflation, increasing interest rates, and looming budget deficits due to pandemic spending. Unemployment is at its lowest in almost 50 years, and global prices for Australian commodities are high. In terms of climate, the major parties must navigate a tricky path as people want action but may not want to pay for it. Retail power prices also play a role in the election. Foreign policy unexpectedly became a focus during the election when Morrison emphasized his national security expertise and criticized Labor, only for his credibility to be undermined by the Solomon Islands forming a security agreement with China. Morrison acknowledged his need to change his approach to governing, admitting that his assertive personality had been a drawback in the election. In contrast, Albanese has presented himself as a candidate with a working-class background and a more practical approach.