Economy - AZ FREE NEWS

Inflation Cools More Than Expected As Consumer Prices Fall In June

Jul 16, 2026

By Ethan Faverino | Consumer prices declined on a month-to-month basis in June while annual inflation continued to moderate, according to the Joint Economic Committee’s latest Monthly Inflation Update. The report found that the Consumer Price Index for All Urban...

Rising SNAP Payment Errors Put Arizona At Risk Of $200 Million In Federal Penalties

Jul 14, 2026

By Ethan Faverino | Arizona taxpayers could face nearly $200 million in additional costs if the state fails to reduce its Supplemental Nutrition Assistance Program (SNAP) payment error rate in the coming years. Data from the U.S. Department of Agriculture shows...

U.S. National Debt Reaches $39.4 Trillion, JEC Reports

Jul 12, 2026

By Ethan Faverino | The Joint Economic Committee (JEC) released its July 2026 Monthly Debt Update, reporting that the total gross national debt reached $39.38 trillion as of July 3, 2026. Debt held by the public totaled $31.68 trillion, while intergovernmental debt...

Biggs Backs Palo Verde Expansion, Pushes Arizona To Lead Small Modular Reactor Development

Jul 10, 2026

By Matthew Holloway | Republican gubernatorial candidate and U.S. Rep. Andy Biggs (R-AZ05) says Arizona should embrace an expanded nuclear future, backing additional reactors at Palo Verde Generating Station while positioning the state to become a national leader in...

U.S. Trade Deficit Climbs To $77.6 Billion As Exports Fall, Imports Rise

Jul 10, 2026

By Ethan Faverino | The Joint Economic Committee’s latest analysis of federal trade data shows the U.S. trade deficit widened in May, reaching $77.58 billion — the largest monthly gap since March 2025. The deficit increased by $23.02 billion from April and stood 28%...

Biggs Defends Working Families Tax Cut Bill On Its First Anniversary

Jul 9, 2026

By Matthew Holloway | One year after President Donald Trump signed the Working Families Tax Cut Bill into law, U.S. Rep. Andy Biggs (R-AZ05) defended the legislation as a cornerstone of the nation's economic recovery, arguing it prevented what he described as a...

U.S. Job Growth Slows In June As Labor Force Shrinks

Jul 7, 2026

By Ethan Faverino | The U.S. labor market continued to expand in June, but at a significantly slower pace than economists expected, as hiring cooled and fewer Americans participated in the workforce, according to the latest Monthly Employment Update released last week...

Arizona Unemployment Rate Hits Post-Pandemic High, Per New Data

Jul 5, 2026

By Staff Reporter | Arizona’s unemployment rate has now hit a new high following the COVID-19 pandemic. The state’s unemployment rate neared 5% according to a new data analysis report from the Common Sense Institute of Arizona (CSI). Based on this newly...

U.S. House Unanimously Passes Bill To Strengthen SBA Support For Tribal Entrepreneurs

Jul 2, 2026

By Ethan Faverino | The U.S. House of Representatives has unanimously passed H.R. 7396, the Native American Entrepreneurial Opportunity Act, a bipartisan measure aimed at strengthening Small Business Administration (SBA) outreach and support for Tribal entrepreneurs...

Joint Economic Committee Warns Debt Stabilization Will Require Trillions In Fiscal Adjustments

Jun 30, 2026

By Matthew Holloway | U.S. Rep. David Schweikert (R-AZ01), chairman of the Joint Economic Committee (JEC), warned that the United States faces growing fiscal risk unless Congress acts sooner to stabilize the federal debt-to-GDP ratio. Schweikert sent the committee’s...

May Jobs Report: Small Business Hiring Slowed As Labor Cost Concerns Hit Record High

Jun 13, 2026

By Ethan Faverino | Small business job openings declined sharply in May while concerns over rising labor costs reached the highest level in the survey’s history, according to the National Federation of Independent Business (NFIB) May Jobs Report released Friday. The...

Republican Lawmakers, Gov. Hobbs Reach Budget Deal Including $1.45 Billion In Tax Relief

Jun 10, 2026

By Matthew Holloway | Arizona Republican House and Senate leaders announced a compromise budget agreement with Democratic Governor Katie Hobbs on Tuesday and introduced a series of budget bills for consideration in both chambers. According to a press release by the...