Economy
His government overhaul plans at stake, President Joe Biden appeared unable to swiftly strike agreement with two wavering Democratic senators trying to trim back his potentially historic $3.5 trillion measure that will collapse without their support.
As if a cup of coffee wasn’t expensive enough, a confluence of factors is driving up farmers’ costs to grow the beans and it could begin filtering down to your local cafe before the end of the year.
Chicago’s homeless population would receive significant funding and support from the city under Mayor Lori Lightfoot’s budget proposal. As part of our “Firsthand: Living in Poverty” series, we take a look at how that money would be allocated.
Chief Financial Officer Jennie Huang Bennett defended the mayor’s spending plan as a thoughtful plan to “build a bridge toward financial stability while the economy continues to recover.”
While specifics of President Biden’s $3.5 trillion economic recovery initiative are still being negotiated, Gov. Pritzker honed in on the package’s enhanced child care benefits and universal pre-K for 3- and 4-year-olds.
A new $40 million workforce recovery grant program seeks to help job seekers get back to work, while another $4.4 million program aims to increase access to career training programs for at-risk youth, Gov. J.B. Pritzker announced Thursday.
The 2022 spending plan relies on hundreds of millions of dollars in federal COVID-19 relief funding to shore up Chicago’s budget gaps, increases police spending and invests in ward-by-ward community programs. Is it too reliant on federal COVID-19 funding?
As the holiday shopping season approaches, several economists are warning consumers about higher prices and delays for shipments due to a shortage in everything from microchips to coffee to the supply containers for transporting goods.
Plus: 4 Chicago alderpeople react to the proposal
As Chicago emerges from the COVID-19 pandemic, Mayor Lori Lightfoot told WTTW News on Monday that city officials must be “bold and transformative” to address not only the immediate damage caused by the pandemic but also the city’s longstanding woes.
Mayor Lori Lightfoot’s plan to close a projected $733 million budget gap in 2022 relies on $385 million in federal relief funds and nearly $299 million in savings and efficiencies, but the plan contains “no new tax or significant fee increases” for Chicago residents, she said.
Come fall, Sears will shut the doors on its last department store in Illinois, the state in which its first retail store opened in 1925. The Sears department store in the Woodfield Mall in Schaumburg will close on Nov. 14.
As some parents return to in-person work, many are struggling to find child care for their small children. A shortage of day care workers across Illinois means demand for services is high, leading some centers to pause enrollment.
Massive government relief passed in response to the COVID-19 pandemic moved millions of Americans out of poverty last year, even as the official poverty rate increased slightly, the Census Bureau reported Tuesday.
Pension systems for state government workers across the U.S. are in their best shape since the Great Recession began more than a dozen years ago, according to a study released Tuesday.
Mayor Lori Lightfoot and interim Chicago Public Schools CEO Jose Torres on Thursday unveiled a new Chicago Families Forward Fund, which they say will distribute more than $9 million in assistance to CPS families before the end of the fall semester.
Illinois has one of the highest unemployment rates in the nation. Federal pandemic unemployment benefits ended on Labor Day, cutting off weekly payments to more than 300,000 people in the state.