The substantial half-point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have much immediate effect on most Americans’ finances. But additional large hikes are expected to be announced at the Fed’s next two meetings, in June and July, and economists and investors foresee the fastest pace of rate increases since 1989.

Anchored a mile off Navy Pier, Chuoy the Buoy fills a Chicago-sized gap in shoreline monitoring. Swimmers, boaters, anglers, researchers and meteorologists alike will benefit from data collected close to the city’s lakefront.   

Thirty-six residents of the LaSalle Veterans’ Home died in November 2020 as part of a COVID-19 outbreak. A new report from the state’s auditor general finds that IDPH neglected to respond to the outbreak at the state-run facility until for many, it was too late.

After being closed for more than 20 years, a former Catholic school in Greater Grand Crossing is being rebuilt into a new arts incubator for the Rebuild Foundation. Arts Correspondent Angel Idowu takes us to that groundbreaking for an inside look at the city’s newest cultural hub. 

House Republicans are calling for an audit of the Illinois Department of Children and Family Services. And the agency's own director, Marc Smith, has been held in contempt of court nine times.

Lightfoot’s support for a casino on what is now the Chicago Tribune printing plant and newsroom near Chicago Avenue and Halsted Street will bounce the roulette ball to the Chicago City Council to consider Bally’s plan.

Chicago Women in Trades helped organize what they say is the regional unions’ first class of all women in 140 years. The Mid-America Carpenters Regional Council’s pre-apprentice program will put participants on the path to becoming a union-card-holding carpenter.

The 1913 Consumers Building at 202 South State St., and its neighbor, the 1915 Century Building, were designed by two of Chicago’s most storied architecture firms. But multiple federal agencies have concluded the towers’ locations just east of the Dirksen Federal Building render the country’s largest federal courthouse vulnerable to attack and pose too much of a security risk to keep.

Supreme Court political fallout. The state joins a lawsuit against the U.S. Postal Service. The fight to preserve historic loop buildings. And a renovated Chicago theater readies for its closeup.

The potential to roll back established abortion rights already has emerged in states with divided political control, including Pennsylvania and Virginia. California and Colorado are pushing to protect abortion access in their constitutions, a stronger step than passing a law. 

The federal lawsuit Illinois joined charges the Postal Service with botching its review of a plan to buy as many as 165,000 new delivery trucks in an effort to modernize its fleet. The contract calls for just 10% of those trucks to be electric vehicles.

The Biden Administration has floated vague proposals to eliminate billions in collective student debt. It could set a limit of anywhere between $10 and $50,000 and apply only to non-wealthy earners. The details have yet to be ironed out, but not everyone is on board with the idea.

Police officials, including Superintendent David Brown, have repeatedly told members of the Chicago City Council that the new gang database — dubbed the Criminal Enterprise Information System — would be up and running shortly, only to see those deadlines repeatedly missed without explanation.