Australia's national debt has hit $1 trillion but there's another figure that's more important

As the US crosses the $40 trillion mark it's easy to look at dollar signs but ratio to GDP is more relevant, writes Ian Verrender.

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

Greens senator David Shoebridge argues blame for debt rests with major parties for selling off Australian assets. Follow today’s news live Get our breaking news email, free app or daily news podcast ‘Outrageous’: Greens leader says sending Israeli ambassador home should be on the table Greens leader Larissa Waters sa

Public spending surges despite Donald Trump’s vow to stabilise America’s public finances

Welsh rugby has found itself in a typically explosive state in recent days, with the WRU board facing an emerging new rival