Breakfast

The Reserve Bank board sees disaster heading our way. According to the minutes released yesterday, the board decided at the last moment to cut rates even more deeply than planned because the data it was looking at was so disturbing. This bleak mood, though, didn't stop the federal government handing out the dollars to local mayors in Canberra yesterday. In fact, that's the reason the Prime Minister was flashing the nation's wallet around, to the tune of $300 billion worth of grants.

Guests

Paul Bongiorno
Political editor at Network Ten

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