Sold!

Gordon Brown is out as PM. The Tories and the LibDems appear to be on the verge of a deal. Details, pontification to follow.

UPDATED, 11:27 PM: Well, there's a deal and a new Prime Minister in Great Britain. Kids, meet the new man in charge across the pond:

David Cameron, head of the Conservative Party. The first Conservative Prime Minister in 13 years, the first truly upper crust 'Etonian' Prime Minister (the very essence of old school 'Establishment') since the 60s and the youngest Prime Minister since this guy:

Lord Liverpool! Prime Minister from 1812 to 1827, making Cameron the youngest Prime Minister in about 200 years, all of which are pretty impressive milestones for your first day running a country.

But kids, it gets better! David Cameron secured a deal with the Liberal Democrats to form the first coalition government since 1945 and the for the first time in 70 years, there will be Liberals in the Cabinet- Nick Clegg and four other LibDems will be given seats in the Cabinet. All the nitty gritty is summarized neatly by the Guardian, here.

All in all, it's been a pretty extraordinary day across the pond- and it's certainly a day full of milestone, some of which haven't been seen for nearly a century- but it's not all good news- there are dangers ahead. Rumblings on the left of the Liberal Democrats, the same on the Tory right- Britain hasn't had a lot of experience with coalition governments. At least not in the past six decades or so. They might be a little out of practice, but the situation, as with all coalition government demands something of a tight-rope walk. He's barely 24 hours on the job and David Cameron is presenting all the signs that he might just have the magic touch to walk that line- at least for now.