KTAR - Arizona's Morning News February 12th, 2024 Valley Economist Jim Rounds joins the show to explain why Phoenix dropped out of a list of the top 10 best-performing cities. LISTEN NOW
Results
The Buzz: How the state went from a surplus to a deficit
azpm - The Buzz: How the state went from a surplus to a deficit Two economists walk through how the state is facing a projected $1.7 billion deficit by the end of FY 25 after starting last year with a $2.5 billion surplus. The Joint Legislative Budget Committee is...
By the numbers: Downtown Phoenix generated $21.2 billion in 2022, study says
KJZZ - By the numbers: Downtown Phoenix generated $21.2 billion in 2022, study says A new study commissioned by Downtown Phoenix Inc. puts the value of economic output in 2022 at $21.2 billion. The findings, presented by consultant Jim Rounds to a city subcommittee...
U.S. Extends Job Growth Streak Even as Economy Cools
The New York Times - U.S. Extends Job Growth Streak Even as Economy Cools Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said. The U.S. economy continued to generate sturdy employment growth in July,...
Phoenix inflation at lowest level in 18 months, but still outpacing US rate
KTAR News - Phoenix inflation at lowest level in 18 months, but still outpacing US rate The annual inflation rate in metro Phoenix slowed to its lowest level in 18 months, but local inflation remains far ahead of the national rate, according to a federal report...
No progress on debt ceiling after White House meeting as U.S. inches closer to default
Arizona PBS - No progress on debt ceiling after White House meeting as U.S. inches closer to default Representatives of President Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday with no signs of progress as the deadline to...
DATA: Consumer spending accelerates in January
ABC15 - DATA: Consumer spending accelerates in January Consumer spending is rising and has sped up a little since last month. The Federal Bureau of Economic Analysis tracks total spending in the U.S. through personal consumption expenditure data. In January, spending...
What’s Next for Borrowers After President Biden’s Plan to Forgive Student Loans
ABC 15 - What's Next for Borrowers After President Biden's Plan to Forgive Student Loans President Joe Biden's plan to forgive some student loans has some borrowers asking questions. "We've received a lot of calls from students and families coming in," said Melissa...
How The New State Budget Could Impact Arizonans
KJZZ News - How The New State Budget Could Impact Arizonans The state budget that lawmakers passed this year contains two record-breakers: the largest income tax cut in state history and the largest debt paydown in state history. Lawmakers passed the historic tax cut...
Arizona Economist Sees Promise, Expresses Concern as Federal Aid Flows in
AZ Chamber Business News - Arizona Economist Sees Promise, Expresses Concern as Federal Aid Flows in With the passage of a $1.9 trillion COVID relief package and promise of a historic multi-trillion- dollar infrastructure package, Arizona is poised to experience a...