Is Australia's AAA credit rating doomed? Business editor Ian Verrender thinks so. He says a downgrade might not happen immediately after today's budget update, but it's only a matter of time.
Here's what's coming up:
12:00pm AEDT: The Mid-Year Economic and Fiscal Outlook (MYEFO) will be released
1:30pm AEDT: Australia play Pakistan on day five of their first Test
7:30pm in your timezone: Treasurer Scott Morrison will discuss MYEFO with ABC's 7.30
7:30pm AEDT: Brisbane Bullets play Illawarra Hawks in the NBL
Federal Treasurer Scott Morrison is today expected to unveil a mid-year budget update with a deeper deficit than forecast in the May budget, with one economist predicting a blow out to $40 billion.
One Nation senator Rod Culleton announces his resignation from the party, saying his colleagues have not remained committed to pre-election promises and displayed "un-Australian behaviour" towards him and his team.
Naomi Hiratsuka is just one of the indomitable parents left behind when their children were swept away in the 2011 Fukushima tsunami. But her long search for her daughter's remains finally brought some closure after her unthinkable loss.
Nine people, including a Canadian tourist, are killed after gunmen go on a shooting spree in and around a medieval castle in the southern Jordanian town of Karak.
A record number of Australians are addicted to amphetamines like ice, with half of those seeking help for addiction using the drug, according to a report by one of Australia's largest drug rehabilitation organisations.
A Sydney woman grants a little boy his Christmas wish by turning her family home into the North Pole using more than 100,000 lights, having announced the end to the spectacular annual display two years ago.
President-elect Donald Trump thanks his "violent" and "vicious" supporters at a victory rally in Orlando, but also urges them to "be cool" after his presidential election victory.
Central Queensland farmers are experimenting with drones to muster their stock, in the hope they will one day reduce costs — as well as their workload.
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