That’s a wrap – thank you for reading The Australian Financial Review blog today. Some of our top stories included:

• Anthony Albanese has quietly implemented a shift in budget strategy that allows him to free up funds for election priorities, such as more cost-of-living assistance.
• Joe Biden has lashed out at the Supreme Court decision to make former presidents immune from criminal prosecutions for “official” acts while in office.
• This is why AUKUS might leave Australia stranded.