In a strange turn of political events, pro wrestler legend Hulk Hogan announced this week that he would make a great president. While I have doubts about that, Hogan did state that as president he would enact a “flat tax across the board.”

"We can't just cut our way out of this hole," the president said.

While recent news from the financial markets has not been good, there is an upside to the housing market in the Valley:

Gov. Jan Brewer said Tuesday she is glad the president and Congress finally crafted a deal on the spending cap and debt reduction.

When Tucson resident Ray Davies heard that Rep. Gabrielle Giffords, D-Tucson, was back in Washington Monday night, he made sure to leave his hotel room first thing Tuesday to deliver flowers to her Capitol Hill office. He was already too late.

A dramatic vote to prevent the first financial default in U.S. history became even more dramatic Monday when Rep. Gabrielle Giffords made an emotional entrance to cast her vote.

WASHINGTON – Arizona’s congressional delegation voted overwhelmingly Monday to oppose a bill to raise the debt limit, which nonetheless passed the House by a comfortable margin and could be taken up by the Senate Tuesday.

Arizona Rep. Gabrielle Giffords returned to Washington D.C. Monday to vote for the debt ceiling deal in the House.

Arizona congressional offices have been flooded this week by phone calls and emails on the debt-limit impasse, after President Barack Obama urged voters to call their representatives on the issue.

Arizona’s economy gets $14 billion in federal funds each year, which has officials in Phoenix keeping a nervous eye on negotiations in Washington over the federal debt limit.