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Sat 03 Aug, 2013

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Decks cleared for possible Sept 7 election

A five-week official election campaign is expected to begin within days, culminating in voters going to the polls on September 7.

The Federal Government's mini-budget and recent policy changes have cleared the way for Prime Minister Kevin Rudd to visit the Governor-General to ask for an election.

The Opposition has been demanding Mr Rudd announce the election, arguing business confidence has suffered because of the wait.

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The Drum

More Analysis »

How To Lose $30 Billion In 10 Weeks

The biggest question hanging over the economic statement released by Treasurer Chris Bowen and Finance Minister Penny Wong is that of its realistic shelf-life.

The 2013 Budget, whose assumptions were today exposed as being $33 billion out of whack, is only 10 weeks old.

"How To Lose A Guy In 10 Days" is a Hollywood fiction. But "How To Lose $30 Billion In 10 Weeks" is starting to look like our new economic reality.

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Just In

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Decks cleared for possible Sept 7 election

A five-week official election campaign is expected to begin within days, culminating in voters going to the polls on September 7.

The Federal Government's mini-budget and recent policy changes have cleared the way for Prime Minister Kevin Rudd to visit the Governor-General to ask for an election.

The Opposition has been demanding Mr Rudd announce the election, arguing business confidence has suffered because of the wait.

More »

World

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Duke and Duchess register birth of Prince George

The Duke and Duchess of Cambridge register the birth of their son George, citing their occupations as "prince" and "princess".

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Business

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Labor reveals $33b revenue black hole

The FederalĂ‚ Government has released its election-eve budget update, revealing massive revenue write-downs since the May budget, deeper budget deficits for the next three years and $17.4 billion worth of cuts and savings measures.

The Government has blamed the $33.3 billion revenue black hole on a number of factors, including lower wages growth and faster-than-expected falls in commodity prices.

Treasurer Chris Bowen says the budget update sets out the Labor's economic plan that it will take into the federal election campaign.

But the Opposition has seized on the dire budget figures to bolster its argument that Labor cannot manage the economy.

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Politics

More Politics »

Decks cleared for possible Sept 7 election

A five-week official election campaign is expected to begin within days, culminating in voters going to the polls on September 7.

The Federal Government's mini-budget and recent policy changes have cleared the way for Prime Minister Kevin Rudd to visit the Governor-General to ask for an election.

The Opposition has been demanding Mr Rudd announce the election, arguing business confidence has suffered because of the wait.

More »

Sport

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Australia in control after day two at Old Trafford

Australia is well in charge after day two at Old Trafford, with England 2 for 52 still trailing by 475 runs.

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Science and Technology

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Dead whale washes up covered in 'shark bites'

A ranger said a dead whale washed up on a South Australian beach was covered in shark bites.

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Environment

More Environment »

Urban dwellers fight back to restore natural habitat

Some urban dwellers are doing their bit to counteract the sprawl and restore areas of natural habitat.

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