Forget budget surpluses. This year Australia will take on another $200 billion of debt, and there’s no plan to wind it back.
Also today:
Plus part of our interview with US podcaster Guy Raz, host of How I Built This, about what he’s learnt from his interviews with entrepreneurs and founders. How I Built This is one of the most popular podcasts in the world, and Guy has now turned it into a book.

Afternoon Report | ASX dips on new Iran strikes
05:35

CGT backdown; Qantas long-haul plans delayed; Trump in no rush to do deal
16:07

Q+A: The great wealth transfer: what wealthy families get wrong
11:17