If you’re expecting to receive Social Security benefits, brace yourself. Costs for Social Security are projected to exceed the program’s income next year, which means beneficiaries may not get all that’s been promised to them.
With Gov. J.B. Pritzker seeking a state graduated income tax and Mayor-elect Lori Lightfoot rethinking tax subsidies for controversial city projects, two economists offer their take on the local and national economy.
Federal workers are feeling the effects of the government shutdown, but what about everyone else? Local economists weigh in on that and the economic forecast for 2019.
Jitters on Wall Street as the U.S.-China trade war escalates. What it could mean for your wallet.
The Trump administration is playing down the historic stock market downturn. We discuss the seesawing financial markets and what they may foretell.
Republicans in Congress have successfully passed tax legislation. Will a corporate-friendly tax overhaul help spur job and wage growth, or merely help the rich get richer?
Median incomes in America are on the rise. What will be the response of a Federal Reserve Board with vacancies?
President Donald Trump’s tax plan was formally rolled out Wednesday. As promised on the campaign trail, the plan includes several business-friendly tax measures.
Excitement on Wall Street as a possible interest rate hike approaches. Why some surprises in the U.S. economy have investors and analysts feeling good.
There is worldwide fallout over the release of millions of documents known as the Panama Papers, which show how the wealthy around the world are hiding assets. And it's raising questions about whether tax havens are appropriate. A look at both sides of the controversy.
The U.S. Federal Reserve is expected to scale back its $85 billion a month bond-buying program. As Fed policymakers convene this week, financial insiders speculate what the timetable for a stimulus wind-down could look like. We talk with two Chicago economists about the stimulus program and what federal tapering means for businesses and consumers. Read an interview.
President Obama signed an 11th-hour deal averting a devastating debt default. But it’s a short-term deal that may result in another funding battle on January 15 and debt limit deadline February 7. What is the real economic impact of the shutdown? And what effects will it have on markets? We have analysis.
Earlier this week, Phil Ponce spoke with financial analyst Terry Savage and economics professor Edward Stuart about the government shutdown. It was a lively conversation and it brought in a lot of reaction. We share what some of you had to say in tonight's viewer feedback.
Just how serious is the government shutdown? Federal employees missing paychecks will feel it, but what about the economy as a whole? And who is really to blame? We have analysis.
Though the worst predictions about the sequestration -- such as severe unemployment benefit cuts, hour-long waits at airports, and four-hour waits at border crossings -- have not come true, other sectors have not been spared. Learn more about the impact of sequestration from two economists.