ECONOMY
U.S. National Debt Surpasses $40 Trillion, Adds $2.67 Trillion In One Year
By Ethan Faverino | The U.S. national debt has surpassed $40 trillion, adding more than $2.6 trillion over the past year as federal borrowing and interest costs continue to climb. The Joint Economic Committee released its latest Monthly Debt Update on September 8,...
U.S. Added 162,000 Jobs In August, More Than Tripling Forecast
By Matthew Holloway | The United States added 162,000 nonfarm payroll jobs in August, and the unemployment rate remained unchanged at 4.1 percent, according to the Bureau of Labor Statistics’ (BLS) monthly employment report. Republicans on the Joint Economic Committee...
U.S. Trade Gap Widens 24% In July, Remains Down Nearly 30% Year-To-Date
By Matthew Holloway | The U.S. trade deficit widened to $88.58 billion in July, increasing $17.39 billion from June and ending the month 43 percent above its 12-month average, according to an analysis released Thursday by Republicans on the Joint Economic Committee...
As National Debt Tops $40 Trillion, Schweikert Calls Congressional Inaction ‘Immoral’
By Staff Reporter | The Joint Economic Committee (JEC) chairman, Republican Rep. David Schweikert (AZ-01), says the government’s inaction on the $40 trillion national debt is “immoral.” The JEC leader issued a statement on Thursday after the national...
National Debt Surpasses $40 Trillion As Biggs Calls For Discipline On Federal Spending
By Ethan Faverino | The United States has surpassed $40 trillion in national debt, marking another record for the federal government and prompting renewed criticism from Congressman Andy Biggs (R-AZ-05) over Washington’s continued spending and borrowing. According to...
Federal Government Adds $432 Billion To Deficit In July, Shortfall Nears $1.8 Trillion
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
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
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
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
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
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
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...
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