Economy
The Biden Administration has floated vague proposals to eliminate billions in collective student debt. It could set a limit of anywhere between $10 and $50,000 and apply only to non-wealthy earners. The details have yet to be ironed out, but not everyone is on board with the idea.
President Joe Biden, embracing deficit reduction as a way to fight inflation, stressed that the dip in the national debt would be the first in six years, an achievement that eluded former President Donald Trump despite his promises to improve the federal balance sheet.
The program was narrowly approved after several members blasted Lightfoot’s plan as an election-year stunt that would benefit oil companies without offering Chicagoans real relief from the pain at the pump.
The $31.5 million program has enough funding to send just 5,000 Chicago families $500 per month for 12 months, officials said.
Starbucks workers at coffee shops in northwest suburban Cary and downstate Peoria have been voting by mail this month on whether they want to be represented by the Chicago and Midwest Regional Joint Board of Workers United, an SEIU affiliate.
The number of evictions carried out in Cook County dropped from more than 3,300 in the five months before the pandemic to fewer than 1,200 in the five months after the eviction ban was lifted, according to data obtained by WTTW News.
The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to own and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Crain’s Chicago Business Editor Ann Dwyer joins us to go behind the headlines.
A casino does not belong so close to Chinatown, where it will have “human costs,” state Rep. Theresa Mah told WTTW News on Thursday.
Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by 4,500 to 177,250.
The narrow margin of the committee’s vote sets up what could be a nailbiter at the City Council meeting set for April 27.
The CTA passes and gas cards with Mayor Lori Lightfoot's name would be sent to voters approximately 10 months before the next mayoral election.
A certification and bidding process opened Tuesday for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy told The Associated Press exclusively, shortly before the official announcement.
Twitter Inc. said in a regulatory filing on Thursday that Elon Musk, currently the company’s biggest individual shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share, an offer worth more than $43 billion.
Six months out from the midterm elections, President Joe Biden’s team is betting that smaller, discrete announcements can break through to voters better than talk of transformational plans that are so far only aspirational.
Most gasoline sold in the U.S. is blended with 10% ethanol. The Environmental Protection Agency will issue an emergency waiver to allow widespread sale of 15% ethanol blend that is usually prohibited between June 1 and Sept. 15 because of concerns that it adds to smog in high temperatures.