Economy
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Trump tax cut renewal is winning Wall Street, but could cost $4.6 trillionJun 09, 2024 6:00 am - The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall Street donors but threatens to add trillions of dollars to the national debt. The est...
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Rushed pension reform will hurt businesses, residentsJun 09, 2024 5:39 am - Last month, the Illinois General Assembly passed a $53.1 billion budget, the state’s largest ever and $400 million higher than Gov. J.B. Pritzker pushed for in February. ...
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U.S. employers added a robust 272,000 jobs in May in a sign of sustained economic health
Jun 07, 2024 7:56 am - WASHINGTON — America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep...
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The Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited.
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Majority of middle-class Americans say they struggle financially
Jun 04, 2024 2:01 pm - Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a po...
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An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
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IRS Direct File is here to stay. All 50 states are invited.
May 30, 2024 1:25 pm - The IRS is making its free tax-filing platform permanent and open to all 50 states, the Biden administration announced Thursday, following the successful launch of the fi...
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Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
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Elgin a nexus of small and large companies creating a dynamic economic ecosystemMay 26, 2024 5:39 am - The Elgin Development Group, a division of the Elgin Area Chamber of Commerce, in partnership with the city of Elgin, is the economic development organization that helps existing business grow, attracts new businesses, and assists entrepreneurs.
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Geneva poised for industrial growthMay 26, 2024 5:33 am - In recent years, Geneva has celebrated milestone anniversaries with top employers such as Miner Enterprises and Burgess Norton while working to attract new industrial investment in the community.