Albanese Announces May 3 Election Amid Crises

Prime Minister Anthony Albanese has announced Australia's federal election will be held on May 3, with key issues like the cost-of-living crisis and housing shortage dominating the campaign. The Labor Party, under Albanese's leadership, seeks a second term but faces a strong challenge from opposition leader Peter Dutton's conservative coalition. Although Labor secured a majority in 2022, current polls suggest a close race, with a potential for a minority government if neither party secures an absolute majority. Albanese pitches the election as a choice between Labor's continued investment in social measures and the Coalition's promise of tax cuts and reduced government spending. The election campaign is further complicated by global economic uncertainties, including U.S. tariffs affecting Australian exports. Both leaders are emphasizing plans to ease financial pressures on Australians, but the electorate remains uncertain, with independents and minor parties possibly playing a decisive role.