Malcolm Turnbull Sworn As New Australian PM
On Tuesday, Malcolm Turnbull officially swore in as the 29th Prime Minister of Australia, the broadcaster ABC reported.
Australia's Liberal party has voted in favor of Malcolm Turnbull taking over the country's post of prime minister by ousting Prime Minister Tony Abbott in a 54-44 vote on Monday evening.
Earlier on Monday, Turnbull, who stepped down from his post as communications minister to challenge Abbott, cast doubt on the Abbott's ability to manage Australia's economy.
Abbott's approval rating dropped dramatically since the end of 2014 over unsuccessful economic policies, with the country's debt-to-GDP ratio surging to a record high not seen since 1996. Liberal Party members have long criticized Abbott for his unwillingness to listen to alternative points of view.