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Leading the news, the Treasurer Joe Hockey is expected to slash foreign aid again when he delivers the media budget update today. Foreign aid is set to be cut further by more than three billion dollars over the next four years. Mr. Hockey is also exp
Two new opinion polls give opposing results on who voters want to lead the Federal Liberal Party. The latest Newspoll puts the Opposition Leader Malcolm Turnbull out in front with 32 percent, compared to 24 percent who prefer the shadow Treasurer Joe
Good morning! The Treasurer Wayne Swan is warning there's still a long way to go before the economy is back on track. Mr Swan is in London ahead of a 2-day meeting with G20 finance Ministers. He said that despite the Australias relatively good positi
The Federal Government is facing strong opposition from the banks about plans to scrap mortgage exit fees. Banks say they might charge higher interest rates in order to compensate for the lost revenue if the Government goes ahead with the plans. Fede
Australia has pulled out the big guns for its bid to host the 2022 football World Cup. It's less than 24 hours until Australia finds out if the pitch is successful. The centerpiece of the bid was a movie by Australian film director Phillip Noyce feat
The former Prime Minister John Howard's return to the public eye has brought him a confrontation with David Hicks and saw him come under fire from footwear. On the ABC's Q A program, a man threw a shoe at Mr Howard in protest at Australia's involveme
More than 300,000 extra premises will be connected to the National Broadband Network than originally planned. NBN coverage maps to be unveiled today by the Federal Government show the network will provide fibre optic coverage to 93 per cent of reside
The Federal Opposition says the proposed super profits mining tax is partly to blame for a massive fall in the Australian dollar. The dollar hit a ten-month low on Friday. And Shadow Treasurer Joe Hockey says foreign investors have been spooked by th
West Australian Treasurer Troy Buswell is facing mounting pressure to resign. Mr. Buswell has admitted he misused parliamentary entitlements during his four-month affair with State Greens MP Adele Carles. Premier Colin Barnett is considering Mr. Busw
The Federal Government will today release a key report warning Australias ageing population could threaten its economic growth. The intergenerational report will outline the financial impact of the country's ageing population. Growth will be much low
Treasurer Wayne Swan has been told to abandon his plan for a budget surplus next financial year. Economic forecaster Deloitte Access Economics says the budget is heading for a deficit of almost $2 billion in 2012-13. Now the forecaster warns that fur
Thousands of Qantas passengers are facing delays because of a strike by ground staff. They're going to walk off the job for an hour from 8 o'clock this morning. Up to 40 flights are likely to be delayed or cancelled. And in a separate action, enginee
Former head of the International Monetary Fund Dominique Strauss-Kahn has faced court in New York and hes pleaded not guilty to sex assault charges. Strauss-Kahn was heckled by a group of hotel workers as he arrived at the court. They were chanting s
The talks are indeed underway to try to resolve the conflict in the Ivory Coast. The countrys President Laurent Gbagbo says his army is negotiating a ceasefire, but hed told French TV hes not ready to surrender. Early reports said he was in the brink
The ASX says it must consolidate with other stock exchanges after the Federal Government rejected its deal with Singapore. The treasurer, Wayne Swan, rejected the proposed 8-million-dollar merger of the two. He says protecting jobs was a key reason f
The Opposition says the Labor government is incapable of living within its means after it reneged on its promise to deliver a budget surplus. Shadow treasurer Joe Hockey has told News Breakfast he's commited to a surplus, but won't make any promises.
The Treasurer Wayne Swan is expected to announce 4-billion-dollar of cuts and changes to keep the government's budget surplus on track. Mr Swan will release his media economic outlook this morning. It's understood to include cuts to the defense budge
That search is underway again for a 15-year-old boy whos gone missing during a lifesaving competition on the Gold Coast. The teenage disappeared while competing in a board event late yesterday. Two years ago, 19-year-old Saxon Bird drowned at the sam
Campbell Newman will be sworn in as Queensland premier today.His deputy,Jeff Seeney and treasurer Tim Nicholls will also be sworn in as an interim cabinet.The former premier Anna Bligh is resigning from Parliament,with Labor reduced to as few as 7 se