Portions of the federal farm bill were extended through September as part of the fiscal cliff deal. Consumers can breathe a sigh of relief — milk prices won’t double this year after all. But some Illinois farmers are not so happy.
Congress' excruciating approval of a compromise averting a prolonged tumble off the fiscal cliff hands President Barack Obama most of the tax boosts on the rich that he campaigned on. So what's next?
A last-ditch tax deal in the Senate might let the U.S. economy will escape the worst of the so-called fiscal cliff and avoid going back into recession.
The bill's passage on a bipartisan 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.
Illinois Comptroller Judy Baar Topinka estimates a $1 billion impact on the state budget if automatic federal spending cuts and tax increases take effect.
Last year, economists worried that we'd fall back into a recession. Well, the double dip didn’t happen. But it’s not like we’ve had incredible economic growth either. So how are businesses coping?
The city of Chicago has demolished more than 250 vacant buildings this year in an effort to eliminate potential gang hangouts in high-crime neighborhoods.Mayor Rahm Emanuel said in a statement Thursday the demolitions are part of a joint initiative between Chicago police and the city's Departmen
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