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The Latest Breaking News from Jim Chalmers

Nobel Prize winner’s pitch deals with power companies profiting as prices soar

A Nobel Prize-winning economist is calling for a tax on the windfall profits power companies have generated while consumers are hit with surging prices.

The New Daily

'Wellbeing'. It's why Labor's first budget will have more rigour than any before it

What if the most important thing in Jim Chalmers’ first budget is the thing his critics are writing off as a gimmick?

The Conversation

The Loop: Australia's environment in bad shape, former MPs charged, and a 'universal' COVID vaccine?

Here's your TL;DR for this morning's news.

ABC News

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Paul Bongiorno: Albanese discovers the pitfalls of juggling debt and the pandemic

Being in government is always a seat of the pants enterprise no matter that our political leaders try to convince us otherwise.

The New Daily

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

The Guardian - AU

View from The Hill: Chalmers warns he'll deliver bad news in parliament's first week

The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.

The Conversation

Federal Treasurer Jim Chalmers backs 'legend' foreign teacher Asako 'Digi' Ono's bid to stay in Australia

Federal Treasurer Jim Chalmers says he is "working around the clock" to prevent the deportation of foreign teacher Asako 'Digi' Ono working in his south- east Queensland electorate.

ABC News

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Federal Treasurer Jim Chalmers warns on budget outlook, New Zealand inflation surge hints at even bigger interest rate rises

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.

ABC News

Jim Chalmers warns of ‘confronting’ inflation and wages forecast in July economic update

Treasurer says rising interest rates will affect economic growth but Labor has plans to provide cost-of-living support

The Guardian - AU

Chalmers says debt forecasts 'confronting'

Treasurer Jim Chalmers says the government debt forecast will be "confronting" for Australians as rising interest rates will affect the next budget update.

AAP

PM warns against reduced Covid isolation period as nation records 31 deaths – as it happened

Follow all the day’s news

The Guardian - AU

COVID isolation payment on track to resume

Australian workers unable to go to their jobs due to COVID will be able to claim $750 from Wednesday as isolation payments resume.

AAP

Case numbers drop but hospitalisations soar

The ACT recorded 956 new COVID-19 cases in the 24 hours until 8pm Saturday.

The Canberra Times

Federal Treasurer says calls to apologise over pandemic leave payments are 'ridiculous'

Treasurer Jim Chalmers has put his weight behind Prime Minister Anthony Albanese amid mounting criticism over ending pandemic leave payments.

ABC News

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The New Daily

Labor is holding a jobs summit in September. Here’s what it hopes to achieve

The Albanese government has confirmed it will hold a Jobs and Skills Summit on September 1-2 as part of a longer-term plan to deliver a new jobs policy.

AAP

New COVID wave set to peak by month's end

The new COVID-19 wave spreading across the country is set to reach its peak by the end of July, as the government unveils its winter plan for aged care.

The Guardian - AU

Small number of Australian petrol stations investigated for not passing on fuel excise price cut

Consumer watchdog says most locations relayed 20c cut to motorists, while treasurer confirms concession still likely to end on 28 September

ABC News

TikTok admits Australian data can be accessed in China, prompting warnings app may be compromised

TikTok is adamant it would never hand over Australian user data to the Chinese government but, after admissions that data can be accessed in China, federal politicians warn the app could be compromised.

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The Conversation

Australia is getting a wellbeing budget: what we can – and can't – learn from New Zealand

Federal Treasurer Jim Chalmers has confirmed Australia will follow Aotearoa New Zealand’s example and put wellbeing at the centre of the national budget.

AAP

Treasurer defends end of free RAT scheme

Treasurer Jim Chalmers says the federal government can't continue to give free COVID-19 rapid antigen tests for concession card holders indefinitely.

ABC News

Government eyes increase to skilled migration, but says it won't be the simple fix to Australia's labour woes

Australia's Treasurer Jim Chalmers says he is in discussions with business about a temporary increase to the nation's skilled migration intake, as the sector lobbies for 200,000 visas to be offered to address labour shortages.

AAP

Migration lift not only jobs fix: Chalmers

Treasurer Jim Chalmers says a boost to migration is not the only solution to fixing skills shortages across the country.

The Conversation

Women's job opportunities in the spotlight at Albanese's summit

Ensuring equal opportunities and pay for women is one of the wide range of topics laid down for the federal government’s jobs summit, to be held September 1-2.

ABC News

Global oil prices have slumped, yet petrol price relief is uncertain

The global oil price slump does not necessarily mean you will pay less to fill your tank.

ABC News

Climate modelling abandoned by Abbott nine years ago reinstated by Labor government

For almost a decade under the former Coalition government, Treasury did not model the economic impacts of climate change. The new government is ordering the practice to be resumed.

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