Anthony Albanese has unveiled a $10 billion energy security package, including a permanent government-owned fuel reserve, in what the government is calling a major step towards energy sovereignty.

The announcement lands just days out from the budget, and in the mix of RBA governor Michelle Bullock warning the government to be careful spending doesn't add to inflation, following yesterday's rate rise.

And as a group of so-called “ISIS brides” and their children prepare to return to Australia, the political pressure is shifting again - from budget discipline to national security and the government’s capacity to hold the line on both.

Patricia Karvelas and David Speers break it all down on Politics Now.

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