The Latest Breaking News from Federal Budget

High-end vehicles will need to become more fuel-efficient to avoid a 33 per cent tax under changes in a federal budget update.

The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress.

The federal government has backed its inflation-fighting policies as the opposition says Labor's perception of price pressures is at odds with the Reserve Bank.

Tech giant IBM has pulled its ads from X after they were run alongside pro-Nazi posts. The news comes after Elon Musk endorsed an anti-Semitic post on the platform. Meanwhile, the largest semiconductor equipment maker in the US, Applied Materials, is under criminal investigation for potentially evading export restrictions on…

Once again, federal budget negotiations are down to the last minute, and once again, GOP hardliners are in the middle of what might turn into a gridlock.

According to Bloomberg analysis, estimated annualized interest payments on U.S. government debt climbed past $1 trillion at the end of October. That amount has doubled in the past 19 months and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The increasing debt load may pressure...

It's not the first time that has happened, but there are key differences about what happened this year.

House Republicans released a long-delayed budget blueprint Tuesday that promises to bring the federal budget into balance over a decade.

Balanced federal budgets aren’t even considered as a possibility.