Debt to hit new high but nation's budget outlook steady

Australia's debt hits $1 trillion as US debt passes $US40 trillion threshold — as it happened

Australia's debt has hit $1 trillion at the same time the United States sees its debt pass $US40 trillion.

Government debt to hit $1 trillion today

Australia's debt will briefly tip over to a record $1 trillion today.

Debt to hit new high but nation's budget outlook steady

Federal tax changes threaten states and territories' budget bottom lines, but Australia's fiscal outlook remains steady, a new report says.