The state government will have to play a critical role if Arizona businesses are to become global competitors, business leaders said at conference Wednesday.Read More »
Businesses that are hoping for immediate tax cuts from the Legislature next session should plan on being disappointed.
Even the most ardent tax cutters in the Legislature say it would be impossible to balance the budget next session while cutting corporate taxes.
RELATED: Senate Republicans plan business tax cuts
Arizona is at risk of falling back into recession, according to a senior analyst from Moody's. The state is showing declines in consumer spending, said Chris Lafakis, an economist with the international financial research firm. But local economists disagreed with the assessment.Read More »
Mortgage finance giant Fannie Mae has opened a mortgage help center to help struggling homeowners with loans owned by the company.Read More »
Arizona has a new advertising campaign to attract visitors from other parts of the country. The Arizona Office of Tourism developed the campaign, which it's calling "In One Word — Arizona."Read More »
Arizona's unemployment rate stands at 9.7 percent for the second consecutive month.Read More »
Arizona Department of Commerce officials on Thursday release September unemployment figures for the state.Read More »
The state has borrowed more than $2 billion during the past four fiscal years, boosting its total debt load to $9.7 billion. At least one-third of the state’s debt must be repaid using money from the same account that lawmakers draw upon to pay for public education, Medicaid programs and other basic government services.Read More »
A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.Read More »
Hundreds of Arizonans with a type of adjustable-rate mortgages will be eligible for principal reductions and other relief under an agreement with Wells Fargo & Co., Arizona Attorney General Terry Goddard announced Wednesday.Read More »