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Economy

FedEx joins other US companies in seeking a refund after Trump tariffs are ruled illegal

By MICHELLE CHAPMAN
Feb 24, 2026 12:27 pm - FedEx is suing the U.S. government, the latest company to request a refund on what it paid for tariffs set by President Donald Trump last year after the Supreme Court ruled that the tariffs are illegal.
Virginia Gov. Abigail Spanberger questions whether Americans feel the ‘golden age’ Trump describes

By JOEY CAPPELLETTI
Feb 24, 2026 11:16 am - Democrats are betting that Virginia Gov. Abigail Spanberger’s affordability-focused message, which helped her flip a Republican-held office last November, will resonate with the country when she delivers their party’s response to President Donald Trump’s State of the Union address on Tuesday night.
Trump on tariffs and ICE: What to expect from State of the Union

By Courtney Subramanian
Feb 24, 2026 7:59 am - President Donald Trump needs his State of the Union address Tuesday to assuage voters anxious about the economy, foreign policy and even more tariff turmoil.
US stocks drop after Trump ramps up his tariffs and investors dump potential AI losers

By STAN CHOE
Feb 23, 2026 3:54 pm - NEW YORK — U.S. stocks slumped Monday after President Donald Trump ramped up his newest tariffs, while investors continued to punish companies that could be losers in the...
Illinois has a pension problem, but it’s not what you think

By Frank Manzo IV
Feb 21, 2026 12:30 pm - It’s no secret that Illinois has more than $140 million in unfunded pension liabilities. However, the “funded ratio,” or assets divided by liabilities, is up 7% under Gov. JB Pritzker to its highest level in two decades. Pension payments have stabilized at 20% of the budget. But part of this improvement has been on the backs of public service workers.
President Trump wants to impose 15% tariff, up from 10% he announced after Supreme Court decision

By MICHELLE L. PRICE
Feb 21, 2026 11:25 am - President Donald Trump said Saturday that he was raising the global tariff he wants to impose to 15%, up from 10% he had announced a day earlier.
Inflation rose more quickly than expected in December

By CHRISTOPHER RUGABER
Feb 20, 2026 8:15 am - A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year.
US economy grows at 1.4% rate in the fourth quarter, slower than expected

By CHRISTOPHER RUGABER and MATT OTT
Feb 20, 2026 8:13 am - U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending.
Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

By JOSH BOAK
Feb 19, 2026 7:20 am - Tariffs paid by midsized U.S. businesses tripled over the course of last year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump's push to charge higher taxes on imports is causing economic disruption.
Illinois should opt into the Federal Scholarship Tax Credit

By Matt Paprocki
Feb 14, 2026 9:38 am - Every year, hundreds of businesses and individuals make donations to local educational foundations, offering up their services for silent auctions or raffles, all in the name of bolstering public school funding.

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