Tensions emerge between Albanese and Jim Chalmers over economic blame
Tensions between PM Albanese and Treasurer Jim Chalmers are showing as economic trouble grows.
Tensions between PM Albanese and Treasurer Jim Chalmers are becoming clear. On Wednesday at Question Time, Albanese defended Chalmers, though the treasurer looked uncomfortable.
Government sources told the Sydney Morning Herald that Chalmers wanted spending cuts in the May budget. He was blocked by the PM's inner circle of left-wing ministers: Katie Gallagher, Mark Butler, Penny Wong and Tim Ayres.
The Reserve Bank is likely to raise rates next week, the fifth rise this year. Chalmers will face the media while Albanese is at a Commonwealth meeting overseas.
Why it mattersVisible cracks in the economic team signal trouble ahead. Interest rate pressure continues.
AustraliaThe Australian government's economic policy and messaging are now under strain, affecting how Australians hear about inflation, interest rates and budget plans in the coming weeks.
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