Economy
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New research shows what a Child Tax Credit would mean for Illinois’ families and economyJan 30, 2024 8:27 am - Last month, I noted that Illinois recently has experienced positive economic developments but we are falling behind on the issue of child poverty, which has more than dou...
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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Jan 29, 2024 7:52 am - WASHINGTON — Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close...
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US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Jan 25, 2024 2:58 pm - WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend f...
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Pritzker touts climate investments despite renewables lagging state goals
Jan 24, 2024 8:56 am - Boston-based Nexamp, a major player in the solar energy industry, is joining the growing list of renewable technology companies that have expanded or relocated to Illinoi...
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Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Jan 17, 2024 8:55 am - WASHINGTON — Treasury Secretary Janet Yellen is pushing back against Republican criticism of the Democrats' big coronavirus pandemic response package and making an electi...
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Retail sales up strongly in December as Americans showed continued willingness to spend
Jan 17, 2024 8:53 am - NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people ...
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U.S. inflation edges up, fueled by food and housing prices, but many other costs rise only mildlyJan 11, 2024 7:48 am - WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will ...
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The economy tops US priorities for government across racial groups, AP-NORC and AAPI Data polls show
Jan 10, 2024 6:49 am - WASHINGTON — Americans of various racial backgrounds largely agree that the government should focus on the economy and foreign policy issues in 2024, but recent polling s...
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New labor rules aim to offer gig workers more security, though some employers won't likely be happy
Jan 09, 2024 5:46 am - The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster bo...
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Congressional leaders announce agreement on topline spending levels, a key step to averting shutdown
Jan 07, 2024 3:41 pm - WASHINGTON — Congressional leaders have reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown la...