Inflation, bank failures complicate fed action
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Inflation has slowed recently, and while the Federal Reserve's interest rate hikes are intended to slow down the economy, recent bank failures make it more complicated.

Suburban man facing federal charges in COVID-19 testing fraud scheme
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A man from northwest suburban Inverness who owned a COVID-19 testing lab in Chicago is facing federal charges for his alleged role in a COVID-19 testing fraud scheme.

Suburban man facing federal charges in 'reprehensible' COVID-19 testing fraud scheme

The northwest suburban man allegedly transferred some of the funds to his personal account and used the money for vehicle purchases and investments in stocks and cryptocurrency.

Biden says American banking system is safe after collapses
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President Biden says the American banking system is safe and those who relied on the two banks, which recently went under, will be protected.

A look back: Three years since Covid-19 lockdown in Illinois
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Well, it might be hard to believe but we are approaching the three-year anniversary of the start of the Covid-19 lockdown in Illinois. It's been a long road since then, with a number of advancements along the way.

U.S. employers add 311K jobs last month
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New data shows the economy added 311,000 new jobs in February, and that means the Federal Reserve could soon be moving forward with another rate hike.

Did COVID-19 emerge naturally or from a lab leak?
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We could be on the verge of learning a lot more about the origin of COVID. The House could vote as early as Friday to declassify information that could shed some light on whether the virus emerged naturally or from a lab.

Susana Mendoza urges legislators to mandate full pension benefits for cops, firefighters who survive COVID-19

After hearing emotional testimony from Illinois Comptroller Susana Mendoza, an Illinois House committee unanimously approved legislation Thursday that would grant Chicago cops and firefighters full benefits if they become disabled from COVID-19.

Questions remain over mysterious origins of COVID
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A subcomittee in the U.S. House held a hearing over the mysterious origins of COVID-19 on Wednesday.

New legislation aims to protect Illinois hotel workers from abusive customers

Hotel employees from across the country say they have been victims of verbal abuse since the start of the pandemic and are concerned for their safety.

Powell signals increased rate hikes if economy stays strong
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The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.

Cook County men charged with stealing $742K in COVID-relief funds

A federal grand jury in Chicago indicted two men for fraudulently obtaining over a half a million dollars in small business loans and grants meant for COVID-19 relief.