After a busy week in parliament, Anthony Albanese now has all he needs to trigger an election

Welcome back to your weekly federal politics update, where Jacob Greber gets you up to speed on the happenings from Parliament House.

LOL WUT!

With apologies to Joe Rogan, that's how Canberra feels today.

Parliament is convulsing its way through a frenzy of last-minute bills, frantic horse-trading and all the beastly mud and oomska of legislative sausage making.

Outside the chamber, banished Senator Lidia Thorpe marched through the corridors of power wearing a black shirt chanting slogans about genocide and racism.

"I wear those disciplinary, colonial actions like a badge of honour," she said of Thursday's Senate sanction to remove her from proceedings for a day after she flung paper at Pauline Hanson.

On the red carpet itself, Jacqie Lambie ripped off one of her trademark barn-burners; a fiery condemnation of Labor's efforts to ram through the "mother of all guillotines" that would have cleared in one fell-swoop more than 40 bills.

Legislation "so undercooked, it's raw to the bone", she said.

And that was just the first hour this Thursday, a day everyone knew would be chaotic by virtue of calendar and political priorities.

But deals are getting done, one by one. And in great bursts.

Last-minute deals

The broad outline of where this parliament may end its days (presuming the prime minister goes to an early election in the new year) are coming into view.

The first thing you need to know is that most of it is being directed by Anthony Albanese's need to clear the decks, shed the political barnacles and set up the campaign wedges he'll need for the coming election.

On that score, despite what it looks like on the surface, this could be turning into a good week for the PM. Notwithstanding several key points of pain. More on that below.

After several hours of conjecture, Albanese struck a last-minute deal with Adam Bandt and independent crossbencher David Pocock.

In exchange for $500 million to improve energy efficiency in social housing, the Greens will back Albanese's cornerstone industry policy revival Future Made in Australia, a bill to encourage more investment in public housing, and a governance overhaul of the Reserve Bank of Australia.

In all more than 25 bills are on the runway to lift off after the Greens and Labor agreed to a second guillotine.

Labor is also expected to clinch separate deals with the Coalition to pass a social media bans on under 16-year-olds, and a series of immigration law changes.

If it all gets up, this will be a week for the PM to cheer. Painful as it seemed at the time.

Kill your favourites

But there are also casualties. Labor has shelved its nature positive reforms (after a well-timed intervention by WA premier Roger Cook, who called Albanese on Tuesday to kill the legislation); introduction of a $3 million cap on superannuation tax exemptions (which Labor tried to slip into the first guillotine on Thursday); electoral reforms (which fell apart after the Coalition pulled the pin on what had been a bi-partisan rush to increase funding to major parties), and; a ban on gambling advertisements (to the bewilderment of everyone).

Many will be hard pills to swallow for the ministers involved in those initiatives.

After days of pressing the prime minister to get those pet measures past the prime ministerial hurdle, they've come up short. As have the groups calling for those changes.

Word from the PMO is that it's been a maelstrom.

Not least because the past two days have felt like one of those hunger-game storylines. As the clock runs down, so too does the window for opportunity in the Senate.

But like the old writer's adage — sometimes you have to kill your favourites…

Translated into political terms, Albanese has all he needs now to trigger an election.

Which is exactly what Peter Dutton cheekily challenged him to do in question time. Not sure he meant it; after all, it would have meant an early January election. Imagine that.

Speaker Milton Dick wished MPs a good summer break.

"I look forward to your interjections when you return in February. I think…"