Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
An economist explains why defaulting on the national debt would result in economic crisis.
Surplus to requirements.
Protecting jobs that will be lost anyway is money that could be spent on building the green economy.
The Senate voted 84-15 to confirm former Federal Reserve Chair Janet Yellen as the next U.S. Treasury secretary.
AP Photo/Jacquelyn Martin
The former Federal Reserve chair has the experience and broad respect to get businesses to move on climate change and to lay the foundation for real and lasting progress.
Rishi Sunak brandishes his spending review.
Local authorities are on the front line of the coronavirus crisis but London continues to hold the purse strings.
Michelle Grattan discusses the upcoming budget with Chris Richardson
The government has announced reforms to facilitate an increased flow of credit to households and businesses.
With the Australian economy expected to be 6% smaller by mid-next year, when compared with the end of last year, Josh Frydenberg has delivered a sombre outlook.
He is trying to transition out of stage one while drawing up stage three.
The government on Tuesday will unveil a scaled-down, two-tiered JobKeeper program that will commence after September and run until the end of March.
This week marked the fiftieth anniversary of the senate vote to set up a system of committees to scrutinise government. In a time where question time is frequently farcical, such a system is essential.
Under a new national security test the foreign investment review board will have to be notified by foreign investors hoping to secure a ‘sensitive national security business.
The government will provide eligible owner-occupiers with $25,000 to build a new home or extensively renovate an existing one.
Treasurer Josh Frydenberg on Australia’s tourism and construction industries.
Michelle Grattan discusses the economy post-coronavirus with Treasurer Josh Frydenberg
The federal treasury has massively revised the the estimated cost of the JobKeeper program.
When a health crisis is the driver of an economic crisis, the uncertainties are multiplied, and people’s reactions are more difficult to predict.
The government has announced it’s $17.6 billion stimulus package, focused on investment in business, boosting cashflow, and putting cash in the hands of lower income earners.
The Morrison government has announced a funding partnership with the states expected to see A$1 billion extra spent to deal with health costs around the coronavirus.
Treasury Secretary Steven Kennedy with Finance Minister Mathias Cormann at Senate estimates on Thursday.
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.
The economy is weak, but it isn’t a crisis. Treasury Secretary Steven Kennedy addresses Senators on Wednesday.
Treasury Secretary Steven Kennedy says its up to the Reserve Bank to boost the economy. In normal times, that’s not his job.
On Monday week, Morrison will set out in detail his thoughts on the public service in an address to the Institute of Public Administration.
The public service is a soft target, and Scott Morrison has already had it in his sights, telling it to remember the old adage – that it is on tap and the government is on top.