Economy
Mayor Lori Lightfoot said the plan she sends to the Chicago City Council will not count on the federal government sending additional relief funds to the city.
A proposal by House Democrats to give the airline industry $28.8 billion to avert thousands of furloughs failed to advance on Friday, marking a fresh setback for airlines struggling with a massive downturn in travel during the pandemic.
Performing arts venues closed by the coronavirus pandemic can apply for $10,000 grants from the city starting Monday, city officials announced.
The community faces food insecurity, poverty and violence in addition to the coronavirus pandemic and fallout from this summer’s civil unrest. Meanwhile, residents have mobilized to support one another.
The Democratic bill passed after a partisan debate by a 214-207 vote without any Republicans in support.
Overall jobless aid has shrunk in recent weeks even as roughly 25 million people rely upon it. The loss of that income is likely to weaken spending and the economy in the coming months.
Chicago’s looking at a lot of red ink due to coronavirus-related shutdowns. What kinds of cuts might the city soon see to keep its financials afloat? We speak with four people who will likely have a say in those decisions.
In April, 17 organizations signed a pledge that Mayor Lori Lightfoot said would help the city protect its most vulnerable residents during the pandemic. But officials now say there is no data to measure the impact of that pledge.
With air travel down about 70% from last year, many carriers including United and American say they’ll be forced to cut jobs without additional aid. Delta and Southwest, two other big carriers, tapped private capital markets and say they’ll avoid layoffs.
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.
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.
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.
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.
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.
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.
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.