The Latest Breaking News from Jim Chalmers

The federal Liberal Party has stumbled at the first hurdle of its takeover of the party’s NSW division, and John Howard has criticised Jim Chalmers’ comments about interest rates and the RBA.

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

'What bunnies we are to swallow this.'

The government’s economic critics want it both ways — complaining it’s not doing enough to lower inflation while also not doing enough to support growth.

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.

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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.

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?

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

Labor’s decision to remove gender identity and sexuality information from the next census is proving unpopular even within the party, and Kamala Harris is about to sit down for her first unscripted interview since becoming the Democrat nominee.