Economy - AZ FREE NEWS

Federal Government Adds $432 Billion To Deficit In July, Shortfall Nears $1.8 Trillion

Aug 17, 2026

By Ethan Faverino | The federal government ran a $432.308 billion deficit in July, marking the largest monthly deficit since March 2021, according to the Joint Economic Committee’s latest Monthly Fiscal Update. The July deficit brought the federal government’s total...

July Inflation Reaches 3.36% As U.S. Labor Market Shows Signs Of Cooling

Aug 14, 2026

By Ethan Faverino | The Joint Economic Committee released its Monthly Inflation Update for July 2026, showing that consumer prices continued to rise, while real earnings remained mostly steady during the month. According to the report, the headline Consumer Price...

Schweikert Highlights Government Job Losses As U.S. Employment Falls In July

Aug 10, 2026

By Matthew Holloway | The U.S. economy lost 23,000 jobs in July as a 53,000-job decline in government employment more than offset a 30,000-job increase in private-sector payrolls, according to new federal labor data released Friday. The U.S. Bureau of Labor...

Ciscomani Praises ‘Once-In-A-Generation’ Investments In Arizona Mining Industry

Aug 9, 2026

By Ethan Faverino | Congressman Juan Ciscomani (R-AZ-06) applauded two major announcements he said further solidify Arizona’s position as a national leader in copper production and critical minerals. The announcements include a $1 billion investment in the Ivanhoe...

Speaker Johnson Says Republicans Must Make Tips, Overtime Tax Cuts Permanent During Arizona Visit

Aug 7, 2026

By Matthew Holloway | House Speaker Mike Johnson said Wednesday that congressional Republicans must make temporary federal income-tax deductions for qualified tips and overtime permanent, tying their continuation to the outcome of the November midterm elections....

Exclusive: Treasury Secretary Scott Bessent, Speaker Johnson To Visit Arizona This Week

Aug 4, 2026

By Matthew Holloway | Treasury Secretary Scott Bessent is expected to visit Arizona on Wednesday and Thursday, with stops including a Casa Grande appearance alongside House Speaker Mike Johnson (R-LA) and Rep. Juan Ciscomani (R-AZ-06). The tentative itinerary,...

Arizona Treasurer Reports $7.4 Billion In Assets, Up 126% Since 2019

Aug 3, 2026

By Staff Reporter | Arizona now enjoys nearly $7.4 billion in total assets, representing a 126% increase since Treasurer Kimberly Yee took office in 2019. Per the latest local government investment report from the treasurer’s office, total June earnings among the four...

Phoenix Families Spend Nearly $6,900 A Month On Everyday Expenses Despite Cooling Inflation

Aug 1, 2026

By Staff Reporter | Inflation cooled for the Phoenix metro area last month, and expenditures went up. The Common Sense Institute (CSI) reported that Phoenix metro’s Consumer Price Index rose 2.8% year-over-year in June, a slight reduction from a 3%...

Arizona Sees Higher Unemployment, Modest Job Growth In June

Jul 25, 2026

By Staff Reporter | Arizona experienced increases to both unemployment and jobs in the month of June. The latest monthly update from the Joint Economic Committee (JEC) reflected that Arizona was one of seven states to experience an increase in unemployment...

New Analysis Points To Growing Affordability Pressures In Arizona As Election Season Intensifies

Jul 24, 2026

By Staff Reporter | A new data analysis.shows that Arizona is facing more of an affordability crisis than other states as the 2026 elections heats up. Arizona households presently carry above-average debt across auto loans, credit cards, and mortgages. Arizonans are...

Yavapai County Proposes 2.9% Property Tax Levy Increase

Jul 23, 2026

By Matthew Holloway | Yavapai County officials are proposing 2.9 percent increases in the county’s primary property tax levy and the Yavapai County Free Library District’s secondary property tax levy as part of the fiscal year 2027 budget process. The two proposed...

Hamadeh Praises $100 Billion TSMC Expansion In Arizona

Jul 21, 2026

By Matthew Holloway | Rep. Abe Hamadeh (R-AZ08) praised a new $100 billion investment by Taiwan Semiconductor Manufacturing Company (TSMC) that will add four advanced semiconductor fabrication plants at the company’s north Phoenix campus and raise its total planned...