Thanks for your company today. Amazing to think that we started this week with the big news being the jury retiring in the mushroom murder trial:
Since then, we’ve had horrifying charges laid on a Melbourne childcare worker, huge storms in NSW, a massive hack affect Qantas, and a result in the Sean ‘Diddy’ Combs trial... but the mushroom jury continues to deliberate.
This blog will be back next week with more live coverage, but until then, have a great weekend and here’s your recap of the day’s news.
- The big beautiful bill: US President Donald Trump’s signature tax cut and big-spending policy has passed US Congress. It permanently extends most of the cuts from Trump’s first term which were due to expire this year, and also cuts $1 billion from safety-net programs and clean energy credits.
- Meanwhile, the Prime Minister outlined his economic plan at a forum in Sydney today. Key takeaways: He expects Trump’s 10 per cent tariffs on all Australian exports to the US to stay, he’s happy to see lower taxes, and he wants the private sector to replace the government as the main driver of economic growth in Australia.
- Albanese also said the renewable energy transition would help Australia boost economic growth. Coincidentally, today the Energy and Climate Change Minister Chris Bowen announced $432 million to allow a Hunter Valley manufacturer to transition from gas to hydrogen.
- The shockwaves from Victoria’s childcare crisis continue, with federal Education Minister Jason Clare confirming today that he and his state and territory counterparts would discuss making CCTV cameras mandatory in childcare centres.
- And an algal bloom off the coast of South Australia has grown to the size of Kangaroo Island, having already killed hundreds of sharks, penguins, fish and crustaceans.