News

The Australian budget will be delivered against a backdrop of significant global uncertainty, with the treasurer highlighting the challenges posed by the Trump administration's policies and the ongoing trade war. The government is facing pressure to address the growing budget deficit, but both major parties are prioritizing safety and predictability over bold reform.

The Bathurst Winter Festival, a major event attracting tens of thousands of visitors and generating millions for the local economy, has been cancelled for 2025 due to the Bathurst Regional Council's financial concerns. The council is exploring alternative events, but the cancellation is a significant blow to the city and its economy.

House Speaker Emerita Nancy Pelosi criticized Senate Minority Leader Chuck Schumer for his handling of last week's government shutdown vote, believing Democrats could have tried persuading Republicans for a shorter-term funding measure. Schumer defended his decision, stating he felt a shutdown would be worse and would give President Trump and Elon Musk's Department of Government Efficiency too much power.

Probiotics, once hailed as a universal gut health booster, are now facing scrutiny from experts who question their effectiveness and high cost. While some individuals may experience benefits, doctors recommend consulting a gastroenterologist before starting probiotics and suggest focusing on a whole-foods diet for optimal gut health.

The Federal Reserve kept interest rates unchanged on Wednesday, citing uncertainty about the impact of the Trump administration's trade and economic policies. The central bank acknowledged that the economic outlook has become more uncertain and that it would be prepared to adjust its monetary policy stance if necessary.