Olaf Scholz elected new German chancellor

BERLIN -- Olaf Scholz was elected as the new German Federal Chancellor on Wednesday, becoming the fourth Federal Chancellor from the Social Democratic Party.

According to the German Bundestag, or the lower house of Parliament, lawmakers voted 395-303 to elect Scholz as the chancellor, with six abstentions.

The remaining members either cast invalid votes or did not vote, the Bundestag added.