Labor’s first budget in a decade has been handed down. It’s being touted as a cost of living budget that’s friendly for families. The government’s focus is on childcare, paid parental leave and disaster resilience as well as TAFE and university places.

Treasurer Jim Chalmers has also taken into account our challenging economic times; growth is forecast to slump while unemployment is set to rise.

We speak with the Australian Financial Review's Tom McIlroy about the Albanese government's first budget.

Headlines:

- Labor’s first budget is handed down

- Lehrmann trial: Jury unable to reach unanimous verdict

- Convicted murderer wants to reverse guilty plea

- Adidas drops Ye aka Kanye West

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