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With less than a fortnight until Jim Chalmers delivers his first Budget, we look at how the deteriorating global financial situation is affecting the Australian economy and the budget outlook. Dr Chalmers is in Washington meeting global financial leaders, with discussions dominated by stubborn inflation, particularly after data was released overnight showing that core inflation in the US hit 40-year highs in September. That sparked fears of more aggressive rate rises by the US Federal Reserve which in turn raises the prospects of higher interest rates in Australia.
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Mike Bowers talks the week in pictures with Sammy J.
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David Speers interviews Transport and Infrastructure Minister Catherine King.
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ABC's own Dan Bourchier, Lenore Taylor of the Guardian Australia and the Australian Financial Review's Phil Coorey discuss the issues of the week.
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David Speers interviews Transport and Infrastructure Minister Catherine King.
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The Stage 3 tax cuts are our top this week, with the Treasurer Jim Chalmers demonstrating his significant skill as a kite flyer with the government now reportedly considering amending the cuts. The third stage of the tax cuts, first announced by Treasurer Scott Morrison in 2018, abolish the 37% tax rate and reduce the 32.5% rate to 30% while increasing the threshold for the 45% rate from $180,000 to $200,000. They cost a bomb – more than $200b over a decade, but that cost was known when Labor supported the tax cuts in opposition. So what’s changed?
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Mike Bowers talks the week in pictures with Cathy Wilcox.
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David Speers interviews Opposition Leader Peter Dutton.
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The Age and Sydney Morning Herald's Sean Kelly, Karen Middleton of the Saturday Paper and The Australian's Cameron Stewart discuss the issues of the week.
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David Speers interviews Opposition Leader Peter Dutton. The Age and Sydney Morning Herald columnist Sean Kelly, The Saturday Paper's Karen Middleton and Cameron Stewart of The Australian discuss the issues of the week. Mike Bowers talks pictures with cartoonist Cathy Wilcox.
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Joining Kelli Underwood to discuss the biggest stories in sport this week is Alister Nicholson, Sam Lewis, and Jamie Pandaram.
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The National Anti-Corruption Commission which was introduced to Parliament by the Attorney-General on Wednesday. The NACC will have a wide remit to investigate serious and systemic corrupt conduct by politicians, public servants and third parties. It can launch its own investigations and conduct public hearings. But it’s the high bar set for public hearings – the legislation allows for them to occur only in exceptional circumstances and when deemed in the public interest – that has concerned members of the crossbench.
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Mike Bowers talks the week in pictures with Jack The Insider.
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David Speers interviews Attorney General Mark Dreyfus.
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David Speers interviews Attorney-General Mark Dreyfus. The Daily Telegraph's Clare Armstrong, The Age and The Sydney Morning Herald's Peter Hartcher and ABC's own Patricia Karvelas discuss the issues of the week. Mike Bowers talks the week in pictures with Jack The Insider.
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The Daily Telegraph Clare Armstrong, The Age and Sydney Morning Herald's Peter Hartcher and ABC's own Patricia Karvelas discuss the issues of the week.
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There's just a month until Jim Chalmers hands down his first budget. This week the Treasurer and Finance Minister Katy Gallagher announced there’d been a $50b turnaround in the budget bottom line last financial year thanks to soaring commodity prices, low unemployment and delays in some government infrastructure spending. Them’s big bucks! But before you pop the champagne, the Treasurer was quick to point out that the improvement is temporary, and the ongoing structural deficit means the government will still have to make hard decisions to fix the books.
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Mike Bowers talks the week in pictures with photographer for The Age and Sydney Morning Herald Alex Ellinghausen.
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David Speers interviews Shadow Finance Minister Jane Hume.
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David Speers interviews Shadow Finance Minister Jane Hume. Guardian Australia's Katharine Murphy, Samantha Maiden of News.com.au and the Herald Sun's James Campbell discuss the issues of the week. Mike Bowers talks the week in pictures with photographer for The Age and Sydney Morning Herald Alex Ellinghausen.
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