ECONOMY
Phoenix Families Spend Nearly $6,900 A Month On Everyday Expenses Despite Cooling Inflation
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
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
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
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
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...
Phoenix Inflation Slows To 2.8%, Remains Below National Rate
By Matthew Holloway | The annual inflation rate in the Phoenix metropolitan area slowed to 2.8% in June, remaining below the national rate as falling energy prices and comparatively modest shelter-cost growth eased pressure on the region’s Consumer Price Index (CPI)....
Inflation Cools More Than Expected As Consumer Prices Fall In June
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
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
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
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
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
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...
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