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UNBELIEVABLE: 9 - Caught on Camera

Home building muted yet rate cuts could spur activity

The pace of home building, as shown by official dwelling approvals data, continues to lag behind strong demand for housing.

AAP

US Lawmakers Race To Avert Weekend Government Shutdown

US lawmakers released a $1.2 trillion package in the early hours of Thursday to complete the 2024 federal budget -- teeing off a race to sign it into law before a government shutdown looming at the weekend.

International Business Times

Call to boost support for the 'financially distressed'

More opportunities for Australians facing "the worst" of increasing rent in a cost of living crisis are on the federal budget wishlist of welfare advocates.

AAP

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Canada's Budget To Address Housing Crisis With Billions

Canada's federal budget allocates funds to address housing crisis, focusing on affordability and availability. Government aims to provide secure and afford...

Top News

NASA gets $25.4 billion in White House's 2025 budget request

President Biden's 2025 federal budget request allocates $25.4 billion to NASA, a minimal increase over what Congress just allocated for 2024.

Space

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

AAP

US Senate passes $460bn spending bill to avert government shutdown

Vote is a major step towards finalising the 2024 federal budget after months of deadlock in the divided Congress.

Al Jazeera

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US Lawmakers To Avert Shutdown With Vote On Eve Of Major Biden Speech

US lawmakers were set to vote Wednesday to end a long-running row over the federal budget with a giant bill to fund several major federal agencies through the fall, averting a partial shutdown due to start at the weekend.

International Business Times

Doctors, nurses make emergency call on federal budget

More than 40 health groups have called on the government to make climate and health funding a priority after services were challenged by extreme weather.

AAP

Surging Immigration Will Reduce Deficits by $1 Trillion

New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.

Reason

Bank of Canada Concerned Federal Budget May Hinder Inflation Fight

The Bank of Canada warns that the federal budget in Canada may pose challenges to the fight against inflation, highlighting potential issues and risks.

Top News

Cars will need to be twice as green to avoid luxury tax

High-end vehicles will need to become more fuel-efficient to avoid a 33 per cent tax under changes in a federal budget update.

AAP

Clean energy superpower status remains work in progress

The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress.

AAP

Budget update forecasts deficit of $1.1 billion this financial year

The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning.

The Conversation

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The Guardian - AU

Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit

Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices

AAP

Stubbornly high inflation will eat into real wage gains

The federal budget is looking healthy thanks to a surprise revenue boost but inflation is proving persistent and is continuing to hurt household finances.

AAP

'We're under pressure too', Chalmers tells treasurers

State and federal treasurers are yet to reach an agreement on the GST no worse off guarantee but talks are set to continue at national cabinet next week.

AAP

Albanese defends inflation-busting plan amid blowback

The federal government has backed its inflation-fighting policies as the opposition says Labor's perception of price pressures is at odds with the Reserve Bank.

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France 24

IBM pulls ads from X over placement next to pro-Nazi content

Tech giant IBM has pulled its ads from X after they were run alongside pro-Nazi posts. The news comes after Elon Musk endorsed an anti-Semitic post on the platform. Meanwhile, the largest semiconductor equipment maker in the US, Applied Materials, is under criminal investigation for potentially evading export restrictions on…

The Conversation

As yet another deadline looms, a divided US House stumbles closer to a federal shutdown: 5 essential reads

Once again, federal budget negotiations are down to the last minute, and once again, GOP hardliners are in the middle of what might turn into a gridlock.

Barchart

Interest on U.S. Government Debt Continues to Soar

According to Bloomberg analysis, estimated annualized interest payments on U.S. government debt climbed past $1 trillion at the end of October. That amount has doubled in the past 19 months and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The increasing debt load may pressure...

Reason

How the Federal Budget Deficit Doubled in a Single Year

It's not the first time that has happened, but there are key differences about what happened this year.

Roll Call

Balanced-budget plan unveiled by House Republicans - Roll Call

House Republicans released a long-delayed budget blueprint Tuesday that promises to bring the federal budget into balance over a decade.

Reason

Under Multiple Budget Scenarios, the Government's Numbers Still Don't Add Up

Balanced federal budgets aren’t even considered as a possibility.

Reason

Why Did Joe Biden Stop Talking About the Deficit?

The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.

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