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The Latest Breaking News from Jim Chalmers

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Conversation

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

The Guardian - AU

The Greens want a super-profits tax. Labor and business used to like the idea too

When the Greens proposed an extra super-profits tax on the excessive part of really excessive profits last week, business and the government acted as if the sky was about to fall in.

The Conversation

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Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

AAP

We'll see a feeding frenzy long before Newcastle trains get any faster

'What bunnies we are to swallow this.'

Newcastle Herald

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

AAP

Former ABC host Tim Bowden dies aged 87 – as it happened

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The Guardian - AU

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View from The Hill: Australians don’t need to be told high interest rates are ‘smashing’ the economy, but is there an alternative?

Treasurer Jim Chalmers mightn’t have expected his weekend comment – made ahead of expected low growth figures later this week – that interest rate rises were “smashing” the Australian economy to set off the reaction it has. After all, it’s been something of a Chalmers mantra.

The Conversation

After working for the RBA for 30 years, here’s how I’d make it more accountable

How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good job?

The Conversation

Labor’s spectacular census own goal hands Dutton a double victory

Government’s bungling has generated the damaging debate it wanted to avoid and shown it can be divisive too

The Guardian - AU

Sex discrimination commissioner urges Labor to reverse decision excluding gender and sexuality census questions

Anna Cody worries the Albanese government’s backflip could ‘strengthen the voices of discrimination’

The Guardian - AU

Labor says sexuality questions dumped from census to avoid ‘divisive’ debates

Government decided not to add questions out of concern for social cohesion, Richard Marles insists, after move prompts upset in LGBTQ+ community

The Guardian - AU

View from The Hill: Jim Chalmers switches to attack dog but the style could bite him later

Is the Albanese government trying to cast Opposition Leader Peter Dutton as Australia’s Donald Trump? And if so, what’s the thinking and why is Treasurer Jim Chalmers in the vanguard of the charge?

The Conversation

Peter Dutton dismisses Labor’s ‘divisive’ tag as a smokescreen to divert attention from economy

Treasurer’s speech criticised opposition leader for devoting past two weeks of parliamentary sittings to condemning the issuing of visas to people from Gaza

The Guardian - AU

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AAP

The great divide: treasurer's Dutton spray sparks row

Peter Dutton has hit back at comments by the treasurer labelling him as the most divisive leader in Australia's political history.

The Guardian - AU

PM arrives at Pacific Islands Forum – as it happened

This blog is now closed.

AAP

Amazon, Bunnings to face new questions over customers

Executives from major household brands will front an inquiry into competition practices as the nation's leaders aim to make products cheaper for Australians.

AAP

Climate disclosure for companies to support investment

The largest companies and financial institutions must account for climate and nature-based risks from January, which experts say will support investment.

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The Canberra Times

Public sector appointment report 'nowhere to be seen': Scamps

Calls for Briggs report into appointments to be released.

AAP

Door opens for long-delayed Reserve Bank reforms

The federal treasurer has shifted on key opposition demands in order to secure support for changes to modernise and strengthen the Reserve Bank.

AAP

'Beyond urgent': clock ticking on changes to aged care

Time is running out to enact sweeping changes to aged care, and nursing home residents are anxious about any deals done in federal parliament, advocates warn.

Pedestrian.tv

Bob Katter Got Laughed Out Of Parliament After Rant About ‘Pagan Rituals’ To ‘Crocodile Gods’

Bob Katter has gone on a bizarre rant about crocodile gods, pagan rituals, and the Olympic Opening Ceremony. Totally normal stuff.

The Guardian - AU

Peter Dutton tells Coalition party room he only wants temporary pause on Gaza visas as part of ‘principled stance’

Some Coalition MPs have indicated privately they would be concerned if opposition leader was advocating to permanently refuse visas to Palestinians

AAP

Iron ore price drop sounds budget alarm bells

David Littleproud has cautioned the government to keep an eye on its spending as China forecasts worsening demand for Australia's most important export.

The Guardian - AU

Greens condemn ‘deeply flawed’ deal – as it happened

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