If you were planning to buy a new home, should you do it before rates rise again?  What if you need to upgrade your car? And is it good to pay off your credit card completely, or should you carry a small balance to boost your credit score?

U.S. Sen. Tammy Duckworth, alongside Sen. Dick Durbin, met with residents and members of March Fourth, a gun safety advocacy group, Tuesday to hear more about their experiences as well as discuss policy solutions.

Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6% jump in May. From May to June, prices rose 1.3%, another huge increase, after prices had surged 1% from April to May.

The first payments began to flow nearly nine months after the Chicago City Council approved the program’s funding as part of its 2022 budget.

Mayor Lori Lightfoot’s office will host three “budget engagement forums” on July 21, July 23 and July 30 to give Chicago residents a chance to “share their priorities regarding city services” and “have a dialogue” with the mayor, budget director and other city officials.

The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon.

The inflation rate reached 8.6% last month, the highest level in 40 years. Food and energy prices, in particular, have skyrocketed forcing the government to take action. The Federal Reserve is raising interest rates to bring down demand and this week President Joe Biden called on Congress to pause federal gas taxes for three months.

Cook County budget officials will only have to close an $18.2 million budget shortfall in 2023, the smallest gap in a decade, avoiding tax hikes and layoffs. Thebudget has been boosted by sales taxes, corporate income taxes and revenue generated by the construction boom. 

At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide.

The cereal and plant-based meat companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company will be headquartered in Chicago with a campus in Battle Creek, Michigan. 

People who menstruate are scrambling to find tampons and sanitary pads as manufacturers say securing the cotton and plastic used to make the products is volatile.

The administration is increasingly looking for ways to spare the public from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Gas prices nationwide are averaging just under $5 a gallon, according to AAA.

The central bank is ramping up its drive to tighten credit and slow growth with inflation having reached a four-decade high of 8.6%, spreading to more areas of the economy and showing no sign of slowing. 

“We believe it’s in the best strategic interest of the company to make this move,” CEO Jim Umpleby said.

As a candidate for president, Joe Biden was not shy about calling out dictators and authoritarian leaders as he anchored his foreign policy in the idea that the world is in a battle between democracy and autocracy. But Biden’s governing approach as president has been far less black and white as he tries to balance such high-minded principles with the tug toward pragmatism.

Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.