Morrison warns big banks to absorb new tax
The federal government and Australia's five largest banks are on a collision course.
James Massola is chief political correspondent for the Sydney Morning Herald and The Age, based at Parliament House
The federal government and Australia's five largest banks are on a collision course.
Labor leader to accuse government of favouring millionaires over middle-income earners.
The Liberal Party's longest-serving treasurer, Peter Costello, has suggested the Turnbull government's projected budget surpluses will not be enough to pay back Australia's ballooning debt.
The Turnbull government is prepared to further intervene in the housing market, Treasurer Scott Morrison says, if the federal budget's housing package fails to calm rising house prices.
Treasurer Scott Morrison has seized on a new report that shows house prices in Sydney and Melbourne are slowing to claim regulatory measures to easy Australia's housing affordability crisis are working.
Leading economists have expressed unease about a budget reporting change.
Labor leader Bill Shorten says the federal government is moving the budget goal posts because it has failed to get debt under control, lashing its plan to divide the federal budget into "good" and "bad" debt.
Treasurer is preparing the ground for a big new spend on infrastructure in the May budget.
Prime Minister Turnbull has cooled expectations of an affordable housing "centrepiece" in the budget.
Foreign home buyers, vacant properties and self-managed super funds will be targeted in a pre-emptive strike.
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