Money

Arizona business leader hopeful as U.S., Mexico agree on NAFTA update

WASHINGTON - Few details were released, but one Arizona business leader said the mere fact that the U.S. and Mexico unveiled a trade agreement Monday should "calm concerns" over the future of NAFTA after President Donald Trump and Mexican President Enrique Peña Nieto announced a tentative deal.

Tribal energy loan program starts, more than a decade after its OK

WASHINGTON - More than 10 years after it was first approved, a federal loan program for tribal energy development projects will finally accept its first applications next month under ther Department of Energy's $2 billion Tribal Energy Loan Guarantee Program.

After 11 years, legal, bureaucratic battles over Rosemont Mine continue

WASHINGTON - A proposal for a massive open-pit copper mine in the Santa Rita Mountains will be back in court this month, the latest twist in an 11-year battle over the Rosemont Mine that pits supporters who cite its economic benefits against opponents who it's "the absolute worst place" for a mine.

Arizona GDP grew 2.5 percent in first quarter, ahead of national rate

WASHINGTON - Arizona's gross domestic product grew by 2.5 percent in the first quarter of 2018, driven by increases in real estate and retail trade, according to a report from the Bureau of Economic Analysis, which said the national GDP grew 2.2 percent in the same period.