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?

The Federal Reserve is expected to raise the benchmark interest rate again. What that means about the U.S. economy.

U.S. Treasury Secretary Steven Mnuchin

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.

Janet Yellen (Courtesy of CNN)

Unemployment is down, the stock market is up and the Federal Reserve raises interest rates. Just how strong is the American economy? Two Chicago economists take stock of what’s in store for 2017. 

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.

Two local economists weigh in on the latest gross domestic product report and what we can expect for the second quarter. The GDP continues to grow but at a snail's pace. We find out what it all means tonight. Read the full report and view a graph of the U.S. economic growth.

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.

Government Shutdown

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.

Defense is one of many areas facing cuts in Congress' expected sequester. Economics professors debate what this means for your budget.

With only two weeks left until the U.S. reaches the fiscal cliff, President Obama and House Speaker John Boehner have made some progress, but remain far from a final agreement. We have the latest.

As the federal deficit climbs, Republicans and Democrats can agree on one thing: the federal tax code needs revamping. But how this gets done is up for grabs. What's the reality behind the rhetoric of closing loopholes and raising revenue? We examine the issue.