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The Latest Breaking News from Jim Chalmers

Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29 Senators (up from 26).

The Conversation

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

AAP

Trade stand-off continues as US drug tariffs loom

The deadline on US pharmaceutical tariffs has been dramatically brought forward, in the latest escalation of Donald Trump's trade war with the world.

AAP

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Grattan on Friday: New parliament presents traps for Albanese and Ley

Anthony Albanese hasn’t been in any rush to convene the new parliament, which Governor-General Sam Mostyn will open on Tuesday.

The Conversation

Treasurer to trumpet teamwork in face of US trade wars

Countries are being urged not to bow to Donald Trump's trade demands as Australia's treasurer prepares to meet with his global counterparts.

AAP

Big bank's tax vision bucks business lobby, coalition

Australia's largest company has broken ranks with big business to call for wealth taxes and limits to superannuation tax concessions to help drive productivity.

AAP

Morning Mail: Chalmers’ plea to opposition, Victoria banner stoush, Trump’s arms for Ukraine

The treasurer urges other parties to get behind his drive to improve productivity; US president says Russia faces severe sanctions if it doesn’t make peace

The Guardian - AU

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Afternoon Update: Treasury’s dire housing warning; German backpacker speaks after WA ordeal; and Cook Islands considers its future

Treasurer downplayed advice from department officials saying current policy settings would not deliver 1.2m new homes target

The Guardian - AU

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

AAP

Call for envoy's resignation after husband's donation

Australia's anti-Semitism envoy Jillian Segal has been called on to resign after it was revealed a trust linked to her husband made a controversial donation.

AAP

Greens question ‘due diligence’ around Labor’s antisemitism envoy pick – as it happened

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The Guardian - AU

Afternoon Update: concerns over Trump pharma threat; RecipeTin Eats cook speaks after mushroom trial; and a tiny four-legged hero

Lobby groups have pushed Trump to retaliate against Australia’s treatment of US exporters under the $18bn Pharmaceutical Benefits Scheme

The Guardian - AU

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

AAP

Captains of industry, unions sit at economic roundtable

Leaders from the business, union and welfare sectors will gather in Canberra to come up with ways to bolster Australia's flagging productivity levels.

AAP

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AAP

Super funds spared billions after US axes 'revenge tax'

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.

The Conversation

Whatever happened to the Albanese government’s wellbeing agenda?

The Albanese government devoted time and energy in its first term to developing a wellbeing agenda for the economy and society.

The Conversation

Grattan on Friday: Jim Chalmers juggles expectations and ambition in pursuing tax reform

Next week will be the 40th anniversary of the Hawke government’s tax summit. Dominated by then treasurer Paul Keating’s unsuccessful bid to win support for a consumption tax, it was the public centrepiece of an extraordinary political and policy story.

AAP

Hope for home owners as inflation hits four-year low

Expectations are growing interest rates will be cut again soon as the Reserve Bank's preferred measure of inflation falls to its lowest level in years.

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The Conversation

Shadow treasurer Ted O'Brien accepts invitation to government’s economic roundtable

The federal opposition has accepted an invitation from Treasurer Jim Chalmers for shadow treasurer Ted O'Brien to attend the August economic roundtable.

The Conversation

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

AAP

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

The Conversation

Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.

The Conversation

View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights

Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by the prime minister in an address there last week.

AAP

Treasurer throws down gauntlet for 'crucial' tax reform

The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.

The Guardian - AU

Jim Chalmers faces ‘captain’s call’ over Abu Dhabi bid for Australian oil and gas giant Santos

Board expresses support for offer but deal depends on regulatory approvals and treasurer’s tick-off

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