Money

Global economist warns AZ business leaders of possible 2020 recession

SCOTTSDALE – Consumer spending is up and economic growth in Arizona and the rest of the U.S. is on the rise, but investor caution is one sign pointing to a potential recession in 2020, global economist Bernard Baumohl told Arizona business leaders.

Census says 55,000 Arizonans lost health insurance coverage last year

WASHINGTON - The number of Arizonans without health insurance rose by about 55,000 people last year, according to the Census Bureau, as a relatively strong economy was offset by hefty cost increases. The total number of uninsured Arizonans stood at 750,000, or 10.6% of Arizona's population.

Forgone forgiveness: New try at student loan repayment shows few gains

WASHINGTON - A congressional attempt to salvage a foundering student loan forgiveness program was only marginally better, with just 4% of Arizona applications approved in the second round - and that was four times better than the national rate.

State boards waste little time approving professional licenses under new law

WASHINGTON - The state is already approving licenses under a new law that requires most professional licensing boards and commissions to accept valid out-of-state licenses, avoiding the cost and hassle of training and testing for an Arizona license to do what they already know how to do.

Arizona officials fear fallout as new tariffs on Chinese goods start

WASHINGTON - Arizona business leaders said they worry that a 15% tariff on $300 billion in Chinese goods that takes effect Sunday will backfire and end up hurting economic growth at home. The new tariffs target consumer and electronic goods heading into the holiday season.