House Republicans pass Trump’s big bill of tax breaks and program cuts after all-night session
The Congressional Budget Office says the tax provisions would add $3.8 trillion to federal deficits.
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Consumer advocates tell regulators to slash rate hike requests from Ameren, Nicor
Natural gas customers in the Chicago suburbs and downstate Illinois are likely to see an increase in their monthly bills next year, but it’s up to state regulators to decide how big a hike, if any, to approve.
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Rent a chicken? More people take a crack at creating their own egg supply
People are flocking to backyard chickens this year, in part due to the sky-high cost of eggs at the grocery store.
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Tariffs impact what crops some U.S. farmers are choosing to plant this year
Farmers are planning on putting fewer acres of soybeans in the ground this spring amid retaliatory tariffs from China and higher production costs.
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Easter chocolate is expensive this season. Here’s why
A shortage of cocoa beans is driving up the cost to make chocolate — especially for small chocolatiers. That means people buying chocolate for Easter can expect high prices.
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USDA ended its local food programs. A look at how farmers, schools and food banks are coping
Thousands of schools, farmers and food pantries in the Midwest and Great Plains planned on federal dollars over the next year to support local food purchases. And then the U.S. Department of Agriculture cut the programs.
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How Trump’s tariffs could threaten construction and housing affordability in Champaign-Urbana
The Trump administration has rolled out tariffs that affect a wide variety of goods and industries — including home construction. The situation is rapidly evolving, and some worry all the uncertainty and supply chain disruptions could drive up housing prices.
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Amid global tariff war, Pritzker vows to be ‘stable’ trading partner with United Kingdom
In 2024, according to the governor’s office, Illinois exported more than $2.6 billion worth of goods to the U.K., making it the state’s eighth-largest export partner.
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China retaliates with new 84% tariffs as global markets fall
“The US’s practice of escalating tariffs on China is a mistake on top of a mistake,” the ministry said in a statement announcing the fresh round of levies.
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Tariffs are fueling fears of a recession. What does it take to actually declare one?
Since President Trump announced the sweeping baseline and “reciprocal” tariffs, Google searches for the term “recession” have surged and economists at prominent investment banks have pointed to increased odds of a recession occurring.
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Higher prices are likely for these 10 grocery items when tariffs hit
A trip to the grocery or liquor store is about to become even more expensive, economists say, following the latest round of import tariffs announced by President Trump on Wednesday.
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Tariffs threaten to upend markets American farmers depend on
U.S. row crop farmers produce enormous quantities of food, and they depend on selling lots of it overseas. They thrive under free trade policies.
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Temporary layoffs announced by Stellantis are not expected to impact Belvidere workers
According to a company spokesperson, the layoffs will not affect the Belvidere assembly plant. It’s scheduled to re-open in 2027 to build a mid-size pickup truck.
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Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.
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Pritzker hopes trade mission to Mexico sparks new investment despite tariffs
Gov. JB Pritzker wrapped up a four-day trip to Mexico City on Wednesday, hopeful a trade mission to Mexico will yield new economic development in Illinois, even as tariffs threaten the stability of the United States’ global trade.
