Economy - AZ FREE NEWS

2024 Easter Spending Projected To Come Near Last Year’s Record High

Mar 30, 2024

By Staff Reporter | Inflation hasn’t discouraged Americans from spending to celebrate the upcoming Easter holiday. Analysts project a spending total surpassing $22 billion, with consumers explaining to them that Easter is an important tradition. Despite record...

Home Builders Say Gov. Hobbs’ Home Building Moratorium Will Hurt Economy

Mar 27, 2024

By Corinne Murdock | Home builders are warning that Gov. Katie Hobbs’ moratorium on home building will hurt the state’s economy severely. The Home Builders Association of Central Arizona (HBACA) cited a recent study by Elliott Pollack, a...

Air Force Retires Warthog, Threatening Tucson Economy

Mar 25, 2024

By Elizabeth Troutman | The U.S. Air Force has plans that are expected to further devastate Tucson’s economy. The Air Force plans to divest the entire fleet of A-10 aircraft within the next three to five years. Pilots and maintainers at Davis-Monthan will move...

Schweikert Urges Congress To Focus On National Debt, Inflation

Mar 25, 2024

By Elizabeth Troutman | Inflation persists due to record levels of spending over the past three years, according to Rep. David Schweikert, R-Ariz., in a speech on the House floor Thursday night. Schweikert said the total deficit spending for FY24 will be...

Arizona Ranks Fifth For Biggest Mortgage Debt Increase

Mar 25, 2024

By Elizabeth Troutman | Arizona ranked fifth out of states adding the most mortgage debt between quarters three and four of 2023 according to a WalletHub survey. WalletHub released a report Friday showing in what state homeowners are struggling the most in response to...

Biden Touts $8.5 Billion For Intel’s Semiconductor During Arizona Trip

Mar 22, 2024

By Daniel Stefanski | The Grand Canyon State welcomed a grand manufacturing funding expansion this week. On Wednesday, President Joe Biden appeared in Chandler, Arizona, at the Intel Ocotillo location to “announce that the Department of Commerce has reached a...

Arizona’s Rank As 10th Most Federally Dependent US State Is In Question

Mar 21, 2024

By Elizabeth Troutman | Arizona ranked as the nation’s 10th most federally dependent state in 2024, according to personal finance website WalletHub. WalletHub compared the 50 states across three metrics: return on taxes paid to the federal government, federal funding...

Arizonans Oppose Potential Biden Rule Mandating Electric Vehicles

Mar 20, 2024

By Elizabeth Troutman | Reports show that the Biden administration plans to finalize its final tailpipe emissions rule for cars and trucks on Wednesday, a measure 61% of Arizonans oppose. The final EPA rule covers both carbon dioxide and conventional pollutants for...

Hobbs Sparks Bipartisan Outrage With Veto Of Housing Bill

Mar 19, 2024

By Daniel Stefanski | A bipartisan housing bill from the Arizona State Legislature has met its demise. On Monday, Democrat Governor Katie Hobbs vetoed HB 2570, which would have “create[ed] municipal prohibitions relating to home designs and single-family home lot...

Three House Members Urge IRS To Save Arizona Families From Additional Taxation

Mar 17, 2024

By Elizabeth Troutman | Two House Republicans and one Democrat from Arizona wrote to IRS Commissioner Daniel Werfel asking the agency to reconsider its decision to subject the Arizona Families Tax Rebate Program to federal income taxation. Representatives David...

Sen. Gowan’s Bill Targets Organized Retail Crime

Mar 14, 2024

By Daniel Stefanski | The Arizona Legislature continues to work on solutions to crack down on organized retail theft across the state. Last week, the Arizona Senate overwhelmingly passed SB 1411 with a 22-4 vote (with four members not voting). The bill would “require...

These Four Arizona Cities Have Least Financial Distress

Mar 5, 2024

By Elizabeth Troutman | Four Arizona cities made it onto a list of America’s least financially distressed cities. Last month, WalletHub released the results of their comparison of the 100 largest cities without data limitations across nine key metrics. The...