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The Latest Breaking News from Jim Chalmers

Nobel laureate's advice for treasurer to fix housing

Joe Stiglitz is a bit of a rock star in left-leaning economic circles, but his suggestions to make housing more affordable didn't seem to convince Jim Chalmers.

AAP

The return of inflation may poison Labor’s second-term agenda and scare more voters to the fringes

As economic grievance grows in the electorate, an interest rate hike is the last thing our fraught politics needs

The Guardian - AU

Row over government role fuelling inflation, rate rise

Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.

AAP

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Canadian PM to urge Australia to stand up and fight

After delivering a speech which left senior Labor ministers grasping for superlatives, a visiting leader will encourage Australia to join an army of resistance.

AAP

Turnbull urges Albanese to acknowledge new global political reality under ‘bully’ Trump

Exclusive: Former PM says Labor must stop ‘pretending nothing has changed’ and should outline how Australia will deal with the United States going forward

The Guardian - AU

This 26 January, we should question Australia’s subservience to a different empire: Trump’s America

What would it actually take for Australia to ditch Aukus, dispense with the little America cloak and rethink the alliance?

The Guardian - AU

Afternoon Update: Liberals say Ley’s leadership all but over; day of mourning for Bondi; and praise for Canadian PM’s ‘stunning’ speech

Angus Taylor and Andrew Hastie are leading contenders to replace Ley as Nationals leader confirms his party will sit separate from Liberals

The Guardian - AU

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Jim Chalmers says Canadian PM’s ‘stunning’ denunciation of Trump is being widely discussed in Australian government

Treasurer joins former PM Malcom Turnbull in praising Mark Carney’s comments at the World Economic Forum gathering in Davos

The Guardian - AU

Global body urges treasurer to spend less, reform taxes

Global economic body the OECD has called on Australia to rein in the NDIS and make changes to property taxes to help fix the budget and boost productivity.

AAP

IMF warns of AI bubble risk to global growth outlook

Australia is projected to endure drawn-out, above-target inflation, global economic body the International Monetary Fund says.

AAP

Penny Wong says Sussan Ley’s leadership ‘unsalvageable’ after Coalition flags opposition to new hate laws

Christian and Islamic leaders publish joint letter criticising the bill as Labor faces uphill battle to pass reforms

The Guardian - AU

National recycling pilot to stop solar energy eclipse

A national trial will recycle solar panels at the end of their working lives to extract valuable metals and boost Australia's circular economy.

AAP

Australia is betting on a new ‘strategic reserve’ to loosen China’s grip on critical minerals

The federal government has unveiled new details of its plan to create a A$1.2 billion critical mineral reserve.

The Conversation

How treasurer could make capital gains taxes 'fairer'

The capital gains tax discount should be reduced to address economic inequity and make housing more affordable, economists say.

AAP

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AAP

Australia unveils stockpile plan for critical minerals

A $1.2 billion investment in critical minerals will be spruiked by Australia when finance ministers from major economies convene in the US capital.

AAP

Charges and changes: electric car shifts coming in 2026

Twists and turns are coming to Australia's electric car market, from a potential road-user charge and tax reform to the price of models launching on our shores.

AAP

Self-interest widening wealth gap between old and young

Bridging the gap in wealth between older and young Australians will require a major recalibration in housing attitudes and policies, a leading economist says.

The Guardian - AU

Proposal to allow use of Australian copyrighted material to train AI abandoned after backlash

Productivity Commission recommends waiting three years to establish review into technology after furious response from creative industries

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AAP

Clock ticks on support for rejigged super tax changes

A six-month heads up on tax changes is tight but manageable, big super funds say, although Labor still needs to find a friend to get the laws past parliament.

AAP

Bold company tax proposal still friendless after revamp

An alternative corporate tax proposal could have greater economic benefits if a requirement to be budget-neutral was removed, the Productivity Commission says.

AAP

Dishing the public dosh to force RBA's hand on rates

With the government unlikely to restrain public spending, the Reserve Bank will have to lift rates in 2026 to keep inflation under control, economists say.

The Conversation

Politics with Michelle Grattan: Jim Chalmers on the Bondi terror attack and the mid-year budget update

The mid-year budget update would normally be big news. But this week it’s been entirely overshadowed by the devastating Bondi terror attack.

AAP

Budget takes $8.2b hit thanks to black market tobacco

The treasurer has flagged more funding to root out illicit tobacco syndicates but refused to lower the excise burning a hole in the federal budget.

The Guardian - AU

Afternoon Update: Bondi gunman charged with murder and terrorism; 13th victim named; and Khawaja falls short of Ashes ton

Naveed Akram has been charged with 59 offences, including committing a terrorist act and 15 counts of murder

The Guardian - AU

Rate hikes, rising inflation and difficult decisions: key takeaways from Jim Chalmers’ budget update

Treasurer says his Myefo, which shows a small improvement in the budget bottom line, is ‘the most responsible’ on record

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