Austrian coalition deal on new gov't presented to president

The leaders of conservative and nationalist parties in Austria have presented their coalition deal to the country's president for approval after concluding negotiations on forming a new government that will shift the country to the right.

Sebastian Kurz, head of the Austrian People's Party, will become chancellor under the agreement reached Friday night, while right-wing Freedom Party leader Heinz-Christian Strache will be vice chancellor.

Before meeting with President Alexander Van der Bellen on Saturday, Kurz said "we have a good and strong team."

Following their talks, Van der Bellen said they all agreed it's "in the national interest of Austria to remain at the center of a strong European Union and to actively participate in the future development of the European Union."

Coalition plans were to be announced later Saturday.