Joe Hockey, former Australian ambassador to Washington and former treasurer in the Abbott government, is now a founding partner and president of Bondi Partners, an advisory and investment firm. Based largely in Washington, he has closely observed both Trump administrations.

In this episode, Hockey joins Michelle Grattan to discuss week's midterm elections in the United States. They unpack why the Republicans are facing a voter backlash, and examine the impact of cost-of-living pressures and the Iran war. Hockey also explains why he believes Trump could become even more aggressive if the Democrats gain control of Congress.

The former industry minister said Australia is 'going too fast' and 'been swamped by US tech' building data centres here to dodge growing US community opposition.

The former treasurer and deputy Liberal leader said he's still deciding whether to make a political comeback, which he'll announce in the new year.

Premier Ben Carroll, Opposition Leader Jess Wilson, One Nation's Colleen Harkin and pollster Tony Barry preview November 28's closely watched election.

The shadow treasurer also blames government spending for inflation and says the Coalition would not 'spend willy-nilly' if elected.

The treasurer says there's 'likely to be billions of dollars extra' in higher bills on government debt in December's budget update.

The Nationals leader said he'll do 'whatever it takes' to beat the Labor government – including not ruling out a move to the lower house before the next election.

The environment minister has fought back against criticisms that very few world leaders will attend the pre-COP meeting in the Pacific.