The U.S. government’s debt is not a cause for concern, as it is self-funded and the Federal Reserve can always step in to ...

In his famous Tenterfield Oration, Henry Parkes, the founding father of the Australian federation, argued for a nationwide ...

The gross debt of state governments has increased by 150 per cent since 2019 to $661 billion, prompting calls by economists ...

History supports Moody’s assessment that “successive US administrations and Congress have failed to agree on measures to ...

The average taxpayer’s piece of the $37-trillion federal debt is about $240,000, or six years of the median income.

Concerns about the national debt from Elon Musk and some Republican lawmakers is complicating the path to passage for Trump's ...

Jim Chalmers admitted earlier in June that his budget was not sustainable. With the exception of resource-rich Western Australia, the same can be said of most state and territory budgets, The ...

Australians are attempting to adapt to a fresh financial blow following electricity price hikes which officially kicked in on ...

Debt ballooned largely due to the enormous handouts to corporations coordinated by the state and federal governments. Additional credit downgrades would hike the Victorian government’s annual ...

Non-frontline senior public service numbers have been capped at 832 until 2029 as government looks to slash debt ahead of Brisbane Games.

Queensland’s total borrowings are forecast to top $200bn for the first time, even after the first Liberal National Party government in a decade siphons billions from the surplus of the public service ...

Story by Sky News Australia • 1h S ky News host Paul Murray discusses how most of the “promises” made by Labor during the federal election campaign would increase debt.