Olaf Scholz, of the center-left Social Democratic Party is widely expected to take the helm. Angela Merkel is stepping down after 16 years as Chancellor.
One final round of negotiation talks is expected to take place Wednesday, ahead of a press conference later in the afternoon.This follows a close September election and two months of negotiations to form a new government. Until now, one sticking point in coalition talks has been funding for the Greens' ambitious climate plans, with the Free Democrats opposed to raising taxes.
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