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(Regina Shanklin / Pixabay)

Several aldermen on Friday urged Chicago’s chief financial officer to dip into the city’s $900 million savings account to wipe out the massive budget shortfall caused by the coronavirus pandemic.

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Little Village on Chicago’s Southwest Side is known for its rich Mexican culture. But some residents and business owners fear a neighborhood staple could be in danger.

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Speaker of the House Nancy Pelosi, D-Calif. speaks during a news conference Thursday, Sept. 24, 2020 on Capitol Hill in Washington. (AP Photo / Jose Luis Magana)

House Democrats are going back to the drawing board on a huge COVID-19 relief bill, paring back the measure in an attempt to jump-start negotiations with the Trump administration. 

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House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo / Manuel Balce Ceneta)

In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill Tuesday night, shortly after President Donald Trump prevailed in a behind-the-scenes fight over his farm bailout.

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(WTTW News)

Commonwealth Edison announced Tuesday it will not shut off electricity in homes amid the coronavirus and recession — quickly meeting a key condition set by Mayor Lori Lightfoot if the utility giant is to extend its city contract.

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(Jürgen Polle / Pixabay)

Chicago’s chief financial officer warned aldermen Monday that taxing big firms and financial transactions would not help dig the city out of a massive budget hole caused by the coronavirus pandemic.

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(Courtesy of the Greater Chicago Food Depository)

A recent poll found that 17% of households in Chicago can’t afford to pay for both their food and bills. How COVID-19 has impacted food security in Chicago six months into the pandemic.

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In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)

The Federal Reserve said Monday that Americans’ household net worth jumped nearly 7% in the April-June quarter to $119 trillion. That figure had sunk to $111.3 trillion in the first quarter, when the coronavirus battered the economy.

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Chicago’s Roseland community on the Far South Side. (WTTW News)

Calling out “free books” to passersby, organizers of a book giveaway on the Far South Side distributed more than 1,200 books while garnering support for a larger project they hope will spark a transformation of the neighborhood.

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(WTTW News)

A task force released recommendations this week to help Chicago increase its affordable housing stock. We ask two housing activists to share their thoughts on that guidance.

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(Ken Teegardin / Flickr)

Big state budget cuts are on the horizon. The Big Ten is back, but youth sports remain on hold. In Springfield, the Madigan inquiry moves forward. And the White Sox are going to the playoffs.

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(Free-Photos / Pixabay)

Restaurants and bars in Will and Kankakee counties — Region 7 of the state, as outlined in Gov. J.B. Pritzker’s Restore Illinois Plan — can once again offer indoor dining and service beginning Friday evening.

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(WTTW News)

“This is an opportunity to get this right,” said Ald. Byron Sigcho Lopez (25th Ward), who vowed not to allow developers to dominate the discussion.

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In this Aug. 6, 2020, file photo, a customer leaves a Pier 1 retail store, which is going out of business, during the coronavirus pandemic in Coral Gables, Fla. The Labor Department reported unemployment numbers Thursday, Sept. 3. (AP Photo/Lynne Sladky, File)

Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even during the depths of the 2007-2009 Great Recession. Now they've topped 700,000 for 26 straight weeks.

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Gov. J.B. Pritzker speaks Wednesday, Sept. 16, 2020 about the impact of the coronavirus on the state and its finances.

“State and municipal budgets across the nation and here in Illinois are being decimated,” Gov. J.B. Pritzker said Wednesday. “It’s not a blue state problem or a red state problem.”

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A residential street in Wicker Park in Chicago. (WTTW News)

Pritzker has extended the ban on evictions three times since he lifted the stay-at-home order at the end of May, when the state began to make significant progress in slowing the spread of the coronavirus.