Turnbull wants bigger Govt savings guarantee

The Federal Opposition has called on the Government to give more guarantees to consumer's bank savings. Prime Minister Kevin Rudd today said legislation will soon be introduced to Parliament which would has also urged the Government to put another $6 billion into residential mortgage back securities, on top of the $4 billion it has already promised. He has also reiterated his call for the Government to delay introducing its emissions trading scheme until at least 2011. Meanwhile, former treasurer Peter Costello says the Federal Government is right to keep... [read full story]