That’s a wrap – thank you for reading the Need to Know blog today. These were some of the main stories:

• Chalmers cites three parts to Labor’s case for second term: Treasurer Jim Chalmers says Labor’s economic case for a second term has three parts; progress, plans and risk.

• Decision on North West Shelf extension delayed until after election: The Albanese government has again pushed back a crucial decision on a 40-year life extension for the Woodside-run North West Shelf gas venture, inevitably delaying the decision until after the coming federal election.

• House of Representatives passes Labor’s tax cuts: Labor’s tax cuts have passed the House of Representatives, which Prime Minister Anthony Albanese says is a top-up of its previous tax announcements.

• J.D. Vance to lead high-powered US visit to Greenland: The Trump administration seems like it just doubled down on Greenland.

• Investors wary of Labor’s ‘front door’ plan: Investors say that Labor’s “front door” initiative, which aims to make it simpler for global capital to be invested in Australia, risks adding a new layer of bureaucracy that could slow down foreign investment.

• Budget is a ‘cruel hoax’ and ‘election bribe’: Opposition Leader Peter Dutton says the budget is a “cruel hoax”.

• Taylor promises return to Costello’s spending and tax cuts: Shadow treasurer Angus Taylor has promised to put back in place the fiscal guardrails that Peter Costello implemented in the 1990s and 2000s.