The Latest Breaking News from Jim Chalmers

RBA governor Philip Lowe will be asked to explain why he privately briefed elite bankers about the ninth consecutive rise in interest rates – during a

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive.

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Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.