The Australian Business Growth Fund will be backed by each of the big four banks.
Michelle Grattan discusses the slowing economy, and the response to Channel 9's decision to host a fundraiser for the Liberal party.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
Investments only makes sense if there are markets for the things those investments will produce. It isn't clear that there are.
"The need for change is undeniable," says Treasurer Josh Frydenberg, issuing a timetable for dealing with recommendations from the royal commission into banking, superannuation and financial services.
It it wasn't for a surge in government spending economic growth would be extraordinarily weak. As it is, it's the weakest since the global financial crisis.