Bessent says key trade deals could be completed by September
Washington | Treasury Secretary Scott Bessent said the Trump administration's agenda for trade agreements could get wrapped up by the Labor Day holiday, indicating some negotiations are likely to extend past the upcoming July deadline for elevated reciprocal tariffs.
'We have countries approaching us with very good deals,' Bessent said Friday (Saturday AEST) on Fox Business, highlighting Commerce Secretary Howard Lutnick's comments the day before that the White House has imminent plans to reach agreements with 10 major trading partners.
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The Advertiser
2 hours ago
- The Advertiser
Opposition pledges billion-dollar 'budget crisis' fix
Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19.
Sky News AU
4 hours ago
- Sky News AU
Iran warns Donald Trump not to inflame relationship in wake of social media post claiming he saved Khamenei's life
Tehran has issued a furious response to the United States after President Donald Trump said he saved the life of Iran's Supreme Leader. A ceasefire between Israel and Iran was introduced this week after it was brokered by the US, but there are fears it is fragile. The deal was brokered after the US struck three Iranian nuclear facilities in a targeted military operation known as Midnight Hammer. So far, the ceasefire has stood firm, despite a scare when Trump had to order Israel to turn back fighter jets from a planned attack after accusing Iran of launching a missile at the Jewish state after the deadline had passed. But President Trump's social media presence has rubbed Iran the wrong way after a post about their Supreme Leader, Grand Ayatollah Khamenei, where he claimed he saved his life. "I knew EXACTLY where he was sheltered," Trump posted to Truth Social. "I SAVED HIM FROM A VERY UGLY AND IGNOMINIOUS DEATH, and he does not have to say, 'THANK YOU, PRESIDENT TRUMP!'" Iran's foreign minister Abbas Araghchi shared a post on X in response, warning the President to be careful with how he speaks about Iran's Supreme Leader. "If President Trump is genuine about wanting a deal, he should put aside the disrespectful and unacceptable tone towards Iran's Supreme Leader, Grand Ayatollah Khamenei, and stop hurting his millions of heartfelt followers," he said. Mr Araghchi did not stop there, as he made reference to off the cuff comments made by NATO Secretary General Mark Rutte where he described Trump as "daddy" when referring to how he handled the conflict in the Middle East. "The Great and Powerful Iranian People, who showed the world that the Israeli regime had NO CHOICE but to RUN to 'Daddy' to avoid being flattened by our Missiles, do not take kindly to Threats and Insults. "If Illusions lead to worse mistakes, Iran will not hesitate to unveil its Real Capabilities, which will certainly END any Delusion about the Power of Iran." The chilling message comes after Khamenei delivered his first public comments since the ceasefire, warning Iran won't hesitate to target American military bases in the Middle East if the US launches any future attacks. The 86-year-old said Iran "delivered a slap to America's face" when an Iranian missile attack struck a US base in Qatar, in retaliation to the US strikes on its nuclear facilities "The US President Trump unveiled the truth and made it clear that Americans won't be satisfied with anything less than an event will never happen," he said. "The fact that the Islamic Republic has access to important American centres in the region and can take action against them whenever it deems necessary is not a small incident, it is a major incident, and this incident can be repeated in the future if an attack is made."
Perth Now
5 hours ago
- Perth Now
Opposition pledges billion-dollar 'budget crisis' fix
Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19.
