The Latest Breaking News from Federal Budget

President Donald Trump has proposed a blanket tariff rate of 15%-20% on most nations, a notable jump from the current 10% base amid an unexpected federal budget surplus in June, largely attributed to a surge in tariff receipts.

The dollar index (DXY00 ) Wednesday fell by -0.43%. The dollar erased an overnight rally and turned lower after Wednesday’s Fed-friendly US May CPI report bolstered expectations for the Fed to cut interest rates later this year. Also, the wider-than-expected US May federal budget deficit was bearish for the dollar...

"Wealthy Americans, on the other hand, would have a larger share of the economic pie"

A minority party will push for one per cent of the federal budget to be spent on "restoring" nature if the election produces a hung parliament.

Peter Dutton came perilously close to a DOGE moment on Monday night, when he was asked about getting the “woke” agendas out of the education system. Noting the Commonwealth government “doesn’t own or run a school”, Dutton told a Sky audience in Brisbane that people wondered why there was “a…

Tuesday night’s federal budget revealed a sharp drop in what was once a major source of revenue for the government – the tobacco excise.

University students, renters and people on welfare missed out on a piece of the pie, while the arts sector and preventative health measures were also overlooked

Commentators have branded last night’s federal budget as an attempt to win over typical Australian voters concerned about the cost of living, ahead of what is expected to be a tightly fought federal election.

Spending on climate adaptation and resilience continues to fall short even as the federal budget reveals spending on disaster response payments is blowing out.