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The Latest Breaking News from Jim Chalmers

Dutton weighs in on RBA amid banana price rise warning

Floods in Australia's north are expected to cut economic output and nudge up banana and sugar prices, as the opposition weighs in on a forecast rate cut.

AAP

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

Albanese to speak with Trump as US president announces 25% tariff on steel imports

Ministers were seeking return of Turnbull-era exemptions ahead of US president’s announcement of new duties on steel and aluminium

The Guardian - AU

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Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

AAP

View from The Hill: Election battle turns to spending, with BCA calling for cap and Labor hitting Dutton’s planned cuts

As the political debate turns to government spending, the questions loom: is it too high, and will Peter Dutton be able to get away with keeping his proposed cuts mostly under wraps?

The Conversation

Confusion over Liberal plan to cut public service

The opposition leader has vowed to slash the number of public sector workers but his frontbenchers have been more reserved, instead focusing on efficiency.

AAP

Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest

While a pre-election rate cut is widely seen as positive for incumbent governments, it doesn’t necessarily represent a path to victory in itself

The Guardian - AU

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View from The Hill: Chalmers claims ‘sustained progress’ against inflation, as government crosses its fingers for rate cut

After Wednesday’s encouraging inflation numbers, the Albanese government – and the financial markets – would be shocked if the Reserve Bank doesn’t cut interest rates in February.

The Conversation

Belief firms in rate relief as inflation takes breather

Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.

AAP

‘We’ve been dumbed-down’: Australian farmers want the right to repair their own tractors again

Right to repair laws could boost agricultural productivity by $97m by removing costly and time-consuming trips to fix machinery issues, lobbyists say

The Guardian - AU

Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

AAP

Tax changes ruled out as treasurer launches food fight

Cost of living remains a major focus of the upcoming federal election, with each party spruiking policies to address pressure on household budgets.

AAP

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

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International Business Times

Australia Frets Over Meta Halt To US Fact-checking

Australia is deeply concerned by Meta's decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior government minister said Thursday.

AAP

'Alarming' move by Meta raises misinformation fears

Meta's decision to end its third-party fact checks could put Australian democracy at risk amid an explosion of misinformation and disinformation, leaders warn.

AAP

Cost of living in mind as Labor clutches purse strings

Voters are crying out for more measures to combat the rising cost of living with a federal election looming as Labor preaches responsible economic management.

AAP

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

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AAP

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

AAP

PM sharpens attack on nuclear in election-style tour

The prime minister is using a multi-state blitz to launch new offensives against the coalition's nuclear energy policy as the federal election looms.

AAP

PM hits the road to an election with multi-state blitz

The election year has begun with the prime minister making his first major promise as he embarks on a whirlwind cross-country crusade.

The Guardian - AU

If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse

As soon as people decide that crypto is valueless, it will be – but in the next few years, exposure of traditional institutions will likely run into the hundreds of billions

The Conversation

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

AAP

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

The Guardian - AU

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

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