Scott Morrison says there is still an "air of unreality" about the size of the budget challenge.

S&P pessimistic on AAA rating

The three major credit ratings agencies confirmed Australia's AAA rating but S&P pointed to the country's 'worsening forecast fiscal position'.

Seven Brisbane

Seven West shares down amid sex claims

Seven West Media shares were down sharply amid claims that CEO Tim Worner conducted a workplace affair with former Seven executive assistant Amber Harrison.