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Death toll continues to rise after Italy earthquake, search resumes for man missing in NSW flood waters, Federal Treasurer issues national debt warning.

Federal Treasurer Scott Morrison will warn for the first time today that the national debt will blow out to A$1 trillion in ten years if budget savings measures don't pass.

The search for a man missing in NSW flood waters will resume this morning. The 72-year-old was driving near Lismore when his car was caught in flood waters at around 4pm on Wednesday afternoon.

Perth’s basketball star Damien Martin was one of the many Aussie athletes who returned home today, with his wife Brittany due to have the couple’s first child. Chris Reason reports.