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The Latest Breaking News from Federal Budget

'Meet your next director of the federal budget': Usha Vance's $8 dollar dress meets JD's approval as story goes viral

US Second Lady Usha Vance playfully dismissed media interpretations of her maternity wardrobe, particularly an $8.75 Old Navy dress, by sharing its receipt. Her husband, JD Vance, humorously suggested she lead the federal budget due to her savvy shopping. This response came after a New York Times piece analyzed the…

The Economic Times

Even an AI-Sparked Economic Miracle Will Not Save the Federal Budget

Congress cannot sit by and hope for AI to fix the deficit.

Reason

Trump signs the Secure America Act into law

President Donald Trump (R) signed the Secure America Act, a federal budget reconciliation bill providing $70 billion in funding for border control and immigration enforcement through fiscal year 2029, into law on June 10, 2026. The U.S. Senate passed the bill on June 5, and the U.S. House of Representatives…

Ballotpedia

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FED:'Reform is always hard': PM coy on tax carve outs

Anthony Albanese has not revealed whether carve outs for businesses are on the table for controversial tax changes from the federal budget.

AAP

'Reform is always hard': PM coy on tax carve outs

Anthony Albanese has not revealed whether carve outs for businesses are on the table for controversial tax changes from the federal budget.

AAP

The APS winners and losers after the federal budget

Front-line services face reduced staff.

The Canberra Times

Reform is hard. Albanese and Chalmers need to stay the course

Do Australians really want reform? It’s a reasonable question to ask as the Albanese government weathers trenchant attacks on its recent federal budget.

The Conversation

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FED:Labor denies tax-revamp rush after 'exhaustive' debate

The government is brushing off claims large tax reforms in the federal budget are being raced through parliament too quickly.

AAP

Poll surge for populists trigger for PM's tax backflip

Australians believing the economy wasn't working for them forced the federal government to change its stance and implement controversial tax reforms.

AAP

Politics with Michelle Grattan: Graeme Samuel on ‘doomsday’ attacks on the federal budget

This year’s federal budget has been the most controversial since the Abbott government’s 2014 budget, with Labor struggling to sell its new capital gains tax changes and crackdown on trusts.

The Conversation

Special poll has Labor barely winning majority as One Nation continues to gain

A special Redbridge poll that was mostly taken before the federal budget had Labor winning 76 of the 150 House of Representatives seats (a majority of one), with One Nation on 53 and the Coalition 12.

The Conversation

Auction sales are sliding, banks are tightening loans. But is the budget really the only factor?

To say this year’s federal budget has ruffled some feathers would be an understatement. The Albanese government announced major reforms to two tax breaks long seen as politically untouchable – negative gearing and the capital gains tax discount.

The Conversation

Global Markets: Australia shares end lower as inflation, Iran peace deal concerns weigh

Australian shares declined on Tuesday, breaking a three-day rally, as concerns over persistent inflation and diminished hopes for a U.S.-Iran peace deal weighed on investor sentiment. The banking sector led the losses, with financials dropping 0.7% amid worries about sticky inflation and potential impacts of federal budget tax changes on…

The Economic Times

Everyone Who Shared Those AI-Generated Pics Of ‘Shareholder’ Albanese Could Face Legal Action

Small business owners pissed about the Budget could face legal repercussions, experts warn.

Pedestrian.tv

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AAP

FED:Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

The Conversation

Rising rents and ‘death taxes’: why wild claims after the budget don’t actually make sense

For policy nerds like me, the week after the federal budget usually brings some much-needed quiet. After months of speculation and drip-fed policy announcements, we’re usually well and truly ready to move on.

The Conversation

How journalism can serve the greater good

In the washup following the federal budget last week, the ABC did a vox pop interview with a voter about a tax change that would leave him worse off. The answer he gave was unexpected. Instead of complaining, he told the reporter that he supported the change because it could…

The Conversation

This little-known scheme can help first home buyers save thousands more for a deposit, with less tax

Saving for a first home is already hard enough. So when a federal budget change appears to make some popular savings strategies less attractive, it is no surprise people are worried.

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The Guardian - AU

Afternoon Update: Tim Wilson calls budget an ‘earthquake’; NRL star’s shock MND diagnosis; and a whale’s 15,000km odyssey

The shadow treasurer claims Labor’s federal budget will require a ‘substantial clean-up job’

AAP

Rates revelation: why RBA dissenter voted against hike

The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.

The Conversation

Businesses need more than generic chatbots to benefit from AI. Will this budget help?

This month’s federal budget made a familiar promise: artificial intelligence (AI) will help lift Australia’s productivity.

The Economic Times

Australian shares flat as housing-tax changes, global risks cap volatile week

Australia's federal budget on Tuesday proposed curbing negative gearing to encourage investment in new housing, raising concerns about slower mortgage demand.

Pedestrian.tv

The Women’s Budget Statement Was Full Of Promises We’d Heard Before

Experts say the 2026/27 Federal Budget includes some wins for women, but much of the Women’s Budget Statement relies on existing policies.

AAP

Wharf termite repairs worm way into budget

The federal budget has carved out $10 million to tackle 'termites of the sea', as the Australian National Maritime Museum grapples with shipworms.

The Guardian - AU

What do the federal budget’s housing measures do for Australia’s ‘forever renters’?

The reforms are ‘bold first steps’ towards structural change, but won’t really affect the outlook for long-term renters, academic says

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