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Government debt

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Jess Wilson and Jacinta Allan.

I’m hearing a salty little whisper about Melbourne. It’s more than a Sydney wind-up

Sunday’s opening of the Metro Tunnel is a timely reminder that, despite the serious challenges Melbourne is facing, good things are happening in this city.

  • Chip Le Grand

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Victorian Liberal leader Jess Wilson has ruled out cutting frontline services to manage the state’s finances.

Debt crisis declared as Wilson decries ‘human cost’ of repayments

The new opposition leader says the state’s debt levels pose an existential threat to Victoria’s economy.

  • Chip Le Grand and Daniella White
Victorian Premier Jacinta Allan and Treasurer Jaclyn Symes lack of economic credentials has not inspired confidence in their abilities to shepherd the state through the mammoth financial task ahead.

Coalition’s tax promises put $11b hole in Victorian budget, government warns

The opposition has rejected the government modelling, saying it misrepresents its tax policies and more than doubles their impact on the budget.

  • Chip Le Grand
One kilogram and five hundred gram gold bars at Gold Investments Ltd. bullion dealers arranged in London, UK, on Thursday, April 3, 2025. Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping “reciprocal” tariffs. Photographer: Chris Ratcliffe/Bloomberg

Gold still glitters, even after its shock slump overnight

The precious metal had its biggest one-day fall in more than a decade, but most of the factors that drove its price to record highs are still in place.

  • Stephen Bartholomeusz
xx

The US is headed for a government shutdown, and that’s just fine by Trump

Neither Republicans nor Democrats want to be blamed for the disruption a shutdown would create – but it would give the US president even more power over spending decisions.

  • Stephen Bartholomeusz
Protesters set fires while blocking highways across France early on Wednesday after the government collapsed over proposed budget cuts.

Block Everything: France faces a financial crisis as it descends into chaos

Emmanuel Macron just appointed his fifth prime minister in two years to end a standoff in parliament that could worsen the country’s unsustainable finances.

  • Stephen Bartholomeusz
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Now-ousted French prime minister François Bayrou with President Emmanuel Macron in April.

French government in crisis after vote to oust PM

Emmanuel Macron will be forced to appoint a new prime minister within days to counter demands for his resignation and fresh elections.

  • David Crowe
Wall Street is brushing off the effects of the Trump chaos.

The world is more scared of Trump than America is

The Trump circus is in full swing, but Wall Street is surprisingly brushing it off.

  • Stephen Bartholomeusz
The plan to scrap two public holidays has set off a political storm in France.

The radical scheme to slash France’s public holidays

President Emmanuel Macron has been hit by a political storm after his bid to remove two holidays, amid concern about the nation’s $5.9 trillion debt.

  • David Crowe
Trump debt graph

‘Going to be a reckoning’: The ticking time bomb in Trump’s big beautiful bill

British historian Niall Ferguson has a cardinal rule: When a country’s interest payments on debt eclipse its military expenditure, the collapse of empire cannot be far away. That’s now a problem for Trump’s America.

  • Michael Koziol
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