The Latest Breaking News from Deficit

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

Jim Chalmers promised a “bread-and-butter” budget, but he is unlikely to have disappointed Labor’s faithful by delivering it.

It couldn’t have gone any worse for the starters out of the gate, but facing a 19-point deficit the reserves sparked a fire that Boston couldn’t put out. Now, what to do about the starters and the part-time mentality that has messed with their consistency?

As climate change accelerates, many countries around the world are increasingly facing the risk of drought. Water scarcity has become one of the major constraints of food production in the 21st century, and a major threat for our current and future food security. In the Horn of Africa, four consecutive…

Treasurer Jim Chalmers has unveiled a budget that includes cost of living relief and down payments on election promises, but warns of hard decisions to come.

ALBA have accused the BBC of “blocking” their party political broadcast – despite showing one earlier this year.

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

Treasurer Jim Chalmers will deliver on election commitments but emphasise spending restraint and preserving an improved fiscal position.

Jim Chalmers’ first budget to reveal $42bn improvement to bottom line across forward estimates but conditions will deteriorate after two years

Chalmers' budget has no surpluses, only deficit and debt. His “big national conversation” needs to be about why that’s OK.

WASHINGTON — President Joe Biden is sharpening his final sales pitch for next month’s midterm elections, casting himself as fully in control of a solid economy even as economists and Republicans warn of a coming recession.