Congress is moving quickly on a hard-fought agreement to avert a potentially devastating default on U.S. obligations. Congressional leaders and President Barack Obama reached a deal late Sunday on legislation that will mix a record increase in the government's borrowing cap with
Watch out, economy. Looks like the debt ceiling showdown is moving into another arm-twisting phase in Washington. To get a clearer picture of the maneuverings so far, today we're taking a look behind the Capitol curtain.
If Democrats and Republicans are unable to meet the Tuesday deadline for raising the debt ceiling, and the Treasury starts running short of money, the government will have to start making choices about which bills to pay.
Pakistanis who’ve longed for easy access to their country’s most prized fruit will likely be able to find their favored mangoes on supermarket shelves in Chicago soon. This week the first shipment of Pakistani mangoes, all of the sweet chaunsa variety, arrived in Chicago.
Cook County Board President Toni Preckwinkle says she's open to privatizing some county services to help solve a major budget shortfall.Preckwinkle said the county is facing a $116 million budget shortfall this fiscal year and a $300 million deficit next year."
Cook County Board President Toni Preckwinkle says the county is in deep financial trouble. She said the county is running a major deficit not just through this year, but also into the next fiscal year.