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NewsMail Afternoon Edition
Tue 03 Sep, 2013

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Abbott warns Labor not to 'commit suicide twice' on carbon tax

Opposition Leader Tony Abbott has warned the Labor Party it would be "committing suicide twice" if it tried to block his efforts to repeal the carbon tax.

Labor says it will not "cave in" to the Coalition's moves to replace the tax with its Direct Action policy if Mr Abbott wins Saturday's poll, adding currency to the Opposition Leader's threat to hold a double dissolution election next year.

Mr Abbott is standing firm, again indicating that he will retain the option of calling a double dissolution election on the issue.

"A Labor Party which persists in support of the carbon tax is just setting itself up to lose not one election but two," he said.

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The Drum

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'On track' for a surplus? Not good enough

As recently as January, Joe Hockey was promising a budget surplus in the first year of government. Now the Coalition is only willing to guarantee a budget surplus by 2023.

OK, sometimes public finances change. Tax receipts are unpredictable. (Just ask Treasury.) And promises are easy to regret. (Just ask Julia Gillard.)

But temporary deficits have a tendency to become entrenched - just ask the US. If Tony Abbott fails to return the budget to surplus quickly, Australia could face the same fate.

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Just In

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Bucket of chlorine thrown at woman in 'random attack'

A woman is being treated in Nepean Hospital after having a bucket of chlorine thrown over her in Sydney's west.

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World

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Brazil, Mexico ask US to explain if NSA spied on presidents

Brazil demands an explanation from the US after a new report on an NSA leak shows Washington spied on its president.

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Business

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RBA leaves interest rate at 2.5 per cent

The Reserve Bank of Australia has left the official interest rate unchanged at a historic low of 2.5 per cent.

The rate has been cut by 225 basis points since November 2011 and is at its lowest level since 1960.

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Politics

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Brazil, Mexico ask US to explain if NSA spied on presidents

Brazil demands an explanation from the US after a new report on an NSA leak shows Washington spied on its president.

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Sport

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Robredo sends Federer crashing out of Open

Five-time US Open winner Roger Federer has lost in the fourth round in straight sets to Spain's Tommy Robredo.

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Science and Technology

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Microsoft to buy Nokia phone business for $8 billion

Microsoft has announced it will acquire Nokia's mobile phone business for almost $8 billion.

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Environment

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Fukushima plant's radioactive water to be dumped in Pacific

The head of Japan's nuclear watchdog has flagged dumping radioactive water from the Fukushima nuclear plant into the Pacific, but says the level of contamination in the water would be well within legal limits.

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