Struggling restaurants and bars would be able to apply for $10,000 grants from the city under the plan Mayor Lightfoot unveiled at a Thursday afternoon news conference.

The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months. 

Aldermen urged city transportation officials on Friday to help them repave more Chicago streets, spotlighting a perennial gripe about potholes and rough rides during a budget season like no other.

Illinois Sens. Sara Feigenholtz and Don DeWitte talk about the governor’s decision to halt indoor dining and bar service in regions where coronavirus rates are surging.

Kenosha, Wisconsin, just over the Illinois border, became the epicenter of violent unrest this summer after the police shooting of Jacob Blake. A few months later, Kenosha is in the midst of early voting – and it’s a hotly contested county.

Mayor Lori Lightfoot’s $12.76 billion spending plan for 2021 fails to craft a “compassionate, bold” solution to the long-standing inequities that plague Chicago, according to the City Council’s Progressive Caucus.

Applications for unemployment aid fell 40,000 from the previous week, the Labor Department said. They fell in 30 states, including big drops in California, Florida and Texas. But claims rose significantly in Arizona, Illinois and Michigan.

Surging COVID-19 infection rates triggered new restrictions that will take effect Friday in Chicago. What that means for the small business owners who can no longer serve diners and drinkers indoors.

A second Wall Street ratings agency sounded the alarm over Chicago’s budget on Wednesday as aldermen continued weighing Mayor Lori Lightfoot’s $12.76 billion spending plan for 2021.

Mayor Lori Lightfoot pushed back late Tuesday on Gov. J.B. Pritzker’s order to suspend indoor dining and drinking in Chicago, the latest sign of a serious split between the officials leading the effort to stem the pandemic.

Wall Street’s losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington’s inability to deliver more aid to the economy. 

Mayor Lori Lightfoot’s plan to close a projected $1.2 billion budget gap by hiking property taxes and laying off employees got a cool reception Monday from aldermen, who pleaded for other options amid a raging pandemic.

A year after the fanfare-filled launch, city officials said the program had begun to show results — with $70 million in public funds attracting $300 million in private investments.

As Chicago grapples with a second wave of the pandemic, a Wall Street ratings agency fired a shot across the bow as aldermen prepared to start a month of hearings on Mayor Lightfoot’s spending plan.

Located 14 miles from the Loop, the middle-class Ashburn community has been hit hard by the coronavirus pandemic and civil unrest this summer.

“There are points in time when scoop and toss is appropriate” and that is now the case since Chicago is facing a $1.2 billion budget gap, Chief Financial Officer Jennie Huang Bennett said.