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The Latest Breaking News from Jim Chalmers

The Reserve Bank considered a rate hike but ultimately held firm yesterday, and Tim Walz is Kamala Harris’ new running mate.

Crikey

Rising cost of living hammers renters and mortgage belt

Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.

AAP

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

AAP

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Could government bail out Rex?

Any potential buyers for the airline would need to make a massive investment in new planes, and the latest Closing the Gap report is deeply concerning for First Nations peoples.

Crikey

Australia’s inflation rise could light the fuse on an early election

The government’s popularity may pivot on Wednesday’s CPI figures and a pre-Christmas poll would be a prospect if it viewed the RBA’s job was done

The Guardian - AU

Sustainable fuel hopes take off with eyes on emissions

Flights could become more environmentally friendly as Australia and New Zealand explore ways to produce sustainable aviation fuel at home.

AAP

Grattan on Friday: Eyes are on Sunday’s reshuffle but government’s fears are about Wednesday’s inflation number

After Thursday’s announcement that cabinet ministers Linda Burney and Brendan O'Connor were stepping down from the frontbench, all public attention came on to the reshuffle to be unveiled on Sunday.

The Conversation

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Despite what you’ve read, Jim Chalmers’ wellbeing framework hasn’t been shelved – if anything, it’s been strengthened

Reports in The Australian suggesting Treasurer Jim Chalmers has shelved his budget wellbeing framework, known as Measuring What Matters, are incorrect.

The Conversation

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

AAP

Election Trump's to lose, former ambassador to US says

Joe Hockey, who served as ambassador to the US during the Trump administration, says the Republican candidate is hungrier to win the presidency than in 2016.

AAP

Rate hike chance 'incredibly slim' in bumpy last mile

Australia is charting a similar rocky path down from elevated inflation as other major economies, economists say, but is only a few steps behind.

AAP

ANZ bonds scandal gets worse and worse, but its Suncorp grab is safe

ANZ, which is under investigation for ripping off taxpayers, should not have been allowed to take over Suncorp’s banking arm. The approval points to big flaws in the way bank deals are examined.

Crikey

Australia urged to 'take lessons' from Trump shooting

Politicians should take note that Donald Trump's shooting follows increased division and anger in US society, an ex-Australian ambassador to the US says.

AAP

PM calls for unity and calm in Trump shooting aftermath

Anthony Albanese is calling for political tensions and talk to cool and an end to violence in the wake of a suspected assassination attempt on Donald Trump.

AAP

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The Guardian - AU

PM says protests at electorate offices have ‘crossed the line’ – as it happened

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AAP

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

AAP

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

Crikey

UK, Iran and France hold elections this week, in a record year for voting

We’ve just entered the mid-point of what’s been called the biggest election year in history. Here’s your guide to this week’s votes.

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Crikey

What a disgrace: ANZ charged dead people — and Labor is going to reward it

Maybe we can’t expect banks to refrain from sickening stuff like robbing dead people. Turns out we were foolish in thinking this government might do anything serious about competition, either.

AAP

PM pledges prosperity through powering up manufacturing

A multibillion-dollar push to increase manufacturing in renewables and critical minerals will set Australia up for decades to come, Anthony Albanese says.

The Guardian - AU

Sam Mostyn sworn in as governor general – as it happened

This blog is now closed.

The Guardian - AU

Fatima Payman indefinitely suspended from Labor caucus – as it happened

This blog has now closed

AAP

Tax cuts to help households 'catch up' to rate rises

After a long wait and much political tussling, the stage three tax cuts are finally about to come into effect - and not a moment too soon.

The Conversation

ANZ’s $4.9 billion Suncorp takeover will now go ahead. Is the government sending mixed messages on business competition?

Two years after the deal was first announced, Treasurer Jim Chalmers has today given the green light for ANZ to acquire the banking arm of Queensland-based insurer Suncorp.

The Guardian - AU

Budget surplus running at $18bn so far this year, Australian government data shows

May budget had previously predicted surplus of $9.3bn in 2023-24 but there has been earlier than anticipated payment of corporate taxes

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