Jim Chalmers says the employment White Paper won’t contradict the RBA’s goal of cutting inflation; the general leading Ukraine’s counter-offensive says forces have made gains in the Zaporizhzhia region; moderate Republicans make last-ditch bid to avert a US government shutdown. Follow the latest here.
The US House of Representatives’ Rules Committee on Saturday voted 9-2 to tee up four appropriations bills for debate on the full House floor, the latest move in Republicans’ last-ditch bid to prevent government shutdowns after a September 30 deadline.
A short-term spending bill, known as a continuing resolution, will almost certainly be needed to avert many federal agencies from suspending operations when existing monies expire in a week. A group of far-right Republicans has fought against this, seeing it as endorsing government spending they consider too high.
“The goal is to try to move as many [bills] as possible to show the good faith effort on both sides” of the Republican caucus, Representative Marc Molinaro, a moderate freshman Republican, told reporters on Friday.
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Chalmers’ jobs for ‘everyone’ tests RBA unemployment warningJim Chalmers won’t be constrained by the RBA’s non-inflationary estimate of full employment, outlining ambitions to keep the jobless rate as low as possible so “everyone who wants a job can find one”.
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Chalmers rejects RBA’s unemployment rate targetTreasurer Jim Chalmers has bowed to union pressure and rejected the Reserve Bank's technical 4.5 per cent unemployment target. The long-awaited employment white paper is set to deliver sustained and inclusive full employment. The white paper acknowledges the union's complaints, declaring everyone who wants a job should be able to find one. It comes in the wake of heavy criticism from workers' representatives after the former RBA governor Philip Lowe claimed unemployment will have to rise to bring inflation under control. September saw the RBA hold interest rates at 4.1 per cent as it continues to monitor inflation.
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Jim Chalmers’ budget surplus ‘just dumb luck’Treasurer Jim Chalmers’ budget surplus of $22.1 billion is “just dumb luck”, according to former Howard government minister Peter McGauran. His comments come after Labor announced Australia’s first surplus in 15 years. “Coal and gas income is through the roof, personal income tax is up because there’s a lower number of people unemployed and company profits are up,” Mr McGauran told Sky News Australia. He said the surplus came down to being “all receipts”. “Has there been any reform or restructure of the tax system? No. Has there been any productivity gains? No. Has there been giving into the unions on everything? Yes.”
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Treasurer promises a secure, fairly paid job for everyone who wants oneHaving revealed the first budget surplus in 15 years, Treasurer Jim Chalmers will on Monday release the employment white paper, with a new goal for jobs.
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Treasurer promises a secure, fairly paid job for everyone who wants oneHaving revealed the first budget surplus in 15 years, Treasurer Jim Chalmers will on Monday release the employment white paper, with a new goal for jobs.
Read more »
Treasurer promises a secure, fairly paid job for everyone who wants oneHaving revealed the first budget surplus in 15 years, Treasurer Jim Chalmers will on Monday release the employment white paper, with a new goal for jobs.
Read more »