Economy
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Tariffs could adversely affect Illinois’ businesses and familiesFeb 22, 2025 1:02 pm - A tariff is simply a sales tax on items brought into the United States from other countries. They are paid by companies that purchase the imports, who proceed to pass on the costs to consumers in the form of higher prices.
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What does having the Consumer Financial Protection Bureau on hold mean for consumers?
Feb 15, 2025 1:54 pm - The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry, recently had its work halted by the Trump administration. Here's some background on the scope of the CFPB's activities.
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Illinois leaders: Stop pushing for big government, start helping small businessesFeb 15, 2025 1:17 pm - Having access to meaningful work is one of the most important factors for families deciding where to plant roots. But since the onset of the pandemic, it’s been increasingly hard to find work in Illinois.
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The number of Americans seeking jobless benefits falls as employers continue to hold on to workers
Feb 13, 2025 10:35 am - U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent inflation and elevated interest rates. The number of ...
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US inflation got worse with rising groceries and gasoline prices
Feb 12, 2025 7:48 am - U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve's resolve to delay any further interest rate cuts.
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Modi and Trump's friendly rapport may be tested as Indian prime minister visits Washington
Feb 12, 2025 7:13 am - Prime Minister Narendra Modi’s long-standing bonhomie with President Donald Trump could be tested as the Indian leader kicks off a visit to Washington on Wednesday, eager to avoid tariffs that have been slapped on others and threats of further taxes and imports.
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US employers added just 143,000 jobs last month, jobless rate falls to 4%
Feb 07, 2025 6:10 am - The U.S. labor market probably started 2025 the way it spent most of last year: Generating decent, but unspectacular, job growth.
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Mexican border cities are in limbo as tariff threats spark fears of a recession
Feb 06, 2025 7:27 am - As soon as the sun glints over miles of border fence dividing the United States and Mexico, the engines of cargo trucks packed with auto and computer parts roar to life along border bridges and bleary-eyed workers file into factories to assemble a multitude of products geared toward the U.S. market.
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China launches an antitrust probe into Google. Here’s what it means
Feb 04, 2025 3:34 pm - The Chinese government's move to open an antitrust probe into Google is the latest development in a long and tangled relationship that goes back to the early 2000s.
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How Trump tariffs could impact trade in Illinois
Feb 04, 2025 1:17 pm - President Donald Trump’s plan to implement tariffs on key United States trading partners could affect more than $100 billion worth of goods imported to Illinois from Canada, Mexico and China.