Politics in the democratic world has moved decisively against fiscal responsibility. A reckoning looms for the global economy.
Higher interest rates and changes to taxes around housing are likely to cool the housing market.
The US president returned home from his trip to China without the main thing markets wanted.
Here are the charts that tell you the budget’s outlook for households and the economy.
Kevin Warsh is getting ready to sit on one of the hottest seats in America. He just found out he won’t be able to deliver what Donald Trump expects from him.
In an extraordinary political gamble,Albanese broke his election promise not to touch tax concessions as Treasurer Jim Chalmers revealed a budget night overhaul of negative gearing,capital gains tax and trusts.
Even if Donald Trump is able to strike a lasting peace deal – a big if – the impacts of the war will be felt long into the future.
With inflation surging again,it is critical that government gets control over the high prices hitting workers’ incomes.
A potential one-off tax offset for wage earners is expected to be handed to voters at tax time in 2027 rather than this financial year.
Anthony Albanese’s ultimate political gamble is now in the hands of Jim Chalmers – and he wants to go big.