Delivered against a background of rising inflation, increasing interest rates and huge global uncertainties, Labor’s first budget will also contain $33 billion in extra funding for pensions and payments.
The treasurer’s Tuesday’s appearances were his first after receiving a major rebuff when Anthony Albanese at the weekend quashed any prospect of rejigging the Stage 3 tax cuts in the budget.
The White House is threatening to cut funds to school districts that don’t resume daily in-person instruction.
Drew Angerer/Getty Images
US cities and states are responsible for the vast majority of K-12 funding.
Washington state cut both merit raises and instituted furloughs as it faced a projected $8.8 billion budget deficit because of the coronavirus.
Wolfgang Kaehler/LightRocket via Getty Images
State and local government jobs are being axed, public schools won’t get money the state planned to send them, and fire and police departments budgets are being slashed. All because of the pandemic.
ABC once viewed sports coverage as integral to its mission of nation-building. But in recent years, it has grown far more ambivalent about sports.
ABC’s decision to ax its radio coverage of the 2020 Tokyo Olympics has been labeled a ‘complete shame’. But from a financial viewpoint, the broadcaster had few other options.
Macquarie University is hit harder than others, but domestic enrolments across Australia aren’t increasing like they used to.
In 2018, domestic numbers for undergraduate courses fell for the first time since 2013 – they will remain stagnant for some years. This and other factors put unis at face financial risk.
Students protest Alaska Gov. Mike Dunleavy’s budget cuts at the University of Alaska, Anchorage campus.
The Alaska Landmine
How did Alaska, one of the richest states in the Union, end up with budget cuts that lawmakers on both sides say could wreck the state’s future? One answer’s found in three letters: PFD.
More than 40 million Americans rely on SNAP for groceries.
AP Photo/Seth Wenig
Cutting the program formerly known as food stamps would hurt low-income Americans and the whole economy.
Treasurer Scott Morrison played it safe with the 2018-19 budget.
Even though this year’s budget is pretty good politics and reasonable economics, on almost every front, it is a missed opportunity to be bold.
Students at Berkeley campus.
AP Photo/Ben Margot, File
Post-World War II California built an unrivalled system of higher education combining access, affordability and choice. Then a contraction of the vision came in the 1980s.
A federal housing incentive could have untapped potential.
With some tinkering, a federal tax credit that encourages developers to create new units that low-income Americans can afford to rent might yield other benefits.
When President Bill Cllinton officially ended welfare as we knew it, he was flanked by women who had received Aid to Families with Dependent Children.
Trump’s rationale for cutting the Temporary Assistance to Needy Families program rests on a myth at odds with contemporary data.
Impacts of federal research funding can be felt region-wide.
Research dollars don’t stay locked up in academia and government labs. R&D collaborations with the private sector are common – and grow the innovation economy.
Relatively few low-income Americans are getting welfare payments these days.
Misleading stereotypes help explain why the share of families living in poverty who benefit from a core assistance program has plummeted – and why Trump wants new cuts.
SNAP helps millions of Americans get food on their tables.
Cutting the program formerly known as food stamps would hurt low-income Americans and the whole economy. As research indicates that it’s working well, this drive to defund is baffling experts.
The Trump administration wants to shrink the safety net.
The best way to assess a program’s effectiveness is see how well it meets the goals for which it was created. Maybe someone could tell the Trump administration.
Not much science will get done without the money to fund people and equipment.
What are research dollars actually spent on? Rather than looking at artifacts like publications and patents, a new initiative directly tracks the people and businesses that receive research funding.
Trump wants to build more aircraft carriers but doesn’t have a strategy yet for how to use them.
David Josek/AP Photo
Trump’s first budget proposal would boost defense spending by US$52 billion, but his desired military buildup is premised on misleading claims and lacks a strategic vision.
With the right help, ARENA can help deliver many more solar farms.
AAP Image/Lukas Coch
The Australian Renewable Energy Agency has survived, amid a groundswell of domestic and overseas support. Its budget has been chopped, but here’s how it can still drive the renewable energy revolution.
Australia has been a world leader in solar panel development.
AAP Image/City of Sydney
An open letter from 190 solar energy researchers in defence of the Australian Renewable Energy Agency, which has funded world-leading research.