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Gas tax mini-freeze, revenue diversion and competition from Indiana — what does it all mean?

By Marni Pyke
Jun 07, 2026 8:45 pm - A 1.3-cent motor fuel tax hike is delayed while lawmakers shifted $150 million in tax revenue to stabilize the state budget. Here are some expert takeaways.
The Obama Center opens as a time warp to an old political order

By Philip Kennicott
Jun 06, 2026 2:07 pm - One end of the regulation-size basketball court that anchors the south tip of the Obama Presidential Center campus is emblazoned with the words “Yes We Can,” and at the other end, “Fired Up, Ready to Go.” The facility’s main tower, which houses a museum documenting the 44th president’s life and career, features a “Hope and Change Lobby,” and outside there is a playground (with a child-safe poured-in-place rubber surface), a women’s garden, barbecue grills, and a green roof with wheelchair-accessible raised beds for vegetables. The Obama Foundation’s 19.3-acre complex opens June 19.
Pritzker to suspend tax breaks for data centers, urging more discussion

By MAGGIE DOUGHERTY
Jun 05, 2026 7:47 pm - Gov. JB Pritzker announced on Friday that he is directing the Illinois Department of Commerce and Economic Opportunity to halt tax incentives for data centers starting on July 1. The incentives have been in place as part of bipartisan legislation signed by Pritzker in 2019. Pritzker called on lawmakers to pass comprehensive reforms in the veto session after they failed to pass a massive reform on data centers before the end of the legislative session last week.
US employers added 172,000 jobs in May, an unexpectedly strong showing

By Lauren Kaori Gurley
Jun 05, 2026 4:52 pm - The U.S. economy added 172,000 jobs in May, a surprisingly strong gain for the economy, even as employers grapple with elevated prices.
Americans’ spending props up the economy as rising prices sap savings

By Rachel Lerman
Jun 05, 2026 4:41 pm - Americans are still spending money so strongly it’s steering the economy through inflation, but rising prices are starting to take a toll on savings accounts and summer vacation plans.
Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

By DAMIAN J. TROISE and ALEX VEIGA
Jun 05, 2026 4:15 pm - The U.S. stock market had its worst day since October on Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.
Daily Herald wins general excellence award and other honors from Illinois Press Association

Daily Herald report
Jun 05, 2026 1:40 pm - The Daily Herald took first place in general excellence among large daily newspapers at the recent Illinois Press Association convention in Peoria.
Residents concerned over gun wholesaler relocating to Mount Prospect

By Steve Zalusky
Jun 04, 2026 4:37 pm - A firearms wholesaler has a group of residents concerned over its relocation from Des Plaines to Mount Prospect.
Trump scraps ocean sensors providing crucial data on climate, flooding

By Leslie Kaufman and Eric Roston
Jun 04, 2026 4:14 pm - The Trump administration’s decision to dismantle most of a $386 million federal ocean-observing network will leave scientists without an irreplaceable source of data used to understand how climate change is affecting crucial currents and marine ecosystems and increasing coastal flooding.
The Dow leaps to a record as oil prices ease and US stocks outside of AI rally

By STAN CHOE
Jun 04, 2026 3:33 pm - Wall Street rallied Thursday after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. Banks, small companies and other stocks that had earlier been left behind by the euphoria around artificial-intelligence technology led the way.

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