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The Coalition's "speed limit" on taxes, set at 23.9% of GDP, has drawn criticism for its lack of specifics and absence of new tax cuts in the upcoming election. Economists like Saul Eslake and Kristen Sobeck advocate for a more thorough approach to address Australia's fiscal challenges, including a "grown-up conversation" about raising additional revenue and reforming the tax system's composition.

An investigation by the Independent Commissioner Against Corruption cleared the promotion of Northern Territory Acting Police Commissioner Martin Dole, finding no evidence of impropriety. However, the report criticized former Police Commissioner Michael Murphy for failing to recuse himself from the appointment of his close friend, Peter Kennon, to the role of assistant commissioner.

President Trump revoked Secret Service protection for Hunter and Ashley Biden, citing the cost to taxpayers and the fact that their father is no longer president. This decision follows a tradition of presidents extending protection for their children after leaving office, as Mr. Trump did for his own children.

The stock market rebounded on Monday, buoyed by data on retail sales that showed the economy is still growing, but investors remain nervous about the potential impact of the Trump administration's tariffs. Tesla shares slid nearly 5% after the company warned that the White House's trade policies could hurt EV manufacturers.

While February's retail sales growth fell short of expectations, raising concerns about an economic slowdown, strong consumer fundamentals and continued job growth suggest that consumer spending will likely remain healthy in the near future. This indicates that the economy may be experiencing a period of slower growth, but not necessarily a full-blown recession.