IRS unveils 401K and IRA contribution limits for 2026. What we know

Starting in 2026, the IRS is raising the contribution limits for 401K and retirement accounts, and here's how you can save a little more next year.

Students in these states spend more of their income on education, according to analysis

Many of the states that topped list were home to some of the most famous schools such as Harvard University, University of Pennsylvania, and Yale University, to name a few.

When will federal employees get backpay? Here's the expected dates for each agency

The Office of Personnel Management tells FOX 5 they will begin sending out “superchecks" covering the pay period between October 1 and November 1, starting on Saturday. Here's the list of when each agency will see their backpay.

Trump pushes tariffs as tool to lower food prices ahead of next year's midterms
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President Trump wants to use tariffs to lower the cost of your next meal. The White House is now shifting focus on affordability ahead of next year's midterm elections.

CPS OIG releases spending report | The Chicago Report
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A new spending report sheds light on the lavish trips taken by Chicago Public Schools officials amid a budget crunch.

Business groups push back on Chicago mayor's budget | The Chicago Report
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You'd be hard pressed to find a member of Chicago's Civic and Business community that isn't calling attention to Mayor Johnson's proposed $16.7 billion budget that calls for big new tax hikes.

U.S. Mint in Philadelphia to end penny production, last 1-cent coin pressed

In a historic moment for American currency, the U.S. Mint has struck its final penny. After more than 230 years of continuous production, the one-cent coin is being phased out in a symbolic moment, shifting away from cash.

Mega Millions jackpot soars to $965 million for Friday's drawing

Lottery players will have their chance to win this huge cash prize after no one matched all six numbers in Tuesday night’s drawing.

SNAP benefits: Supreme Court to rule on Trump's halt of payments
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SNAP benefits are another big issue being affected by the ongoing government shutdown and the Supreme Court could rule on the Trump administration's halting of full payments.

Trump's 50-year mortgage proposal: What would it mean for homebuyers?

The Trump administration signaled they're planning to develop a 50-year mortgage that they think could expand access to homeownership, though experts are cautioning what it could mean for buyers.

2026 tax filing season changes: IRS Direct File unavailable

Direct File won’t be available anymore to do your taxes next year. Here’s what that means once the tax filing season opens in January.

Starbucks 'Bearista' frenzy: Some leave empty-handed, others declare ‘the war is over’

Starbucks fans are losing it over the sold-out Bearista cup and Hello Kitty plush, camping out, calling stores nonstop, and reselling the $44 cup for over $1,000 on eBay.

Fulton Market developments struggle with financing | The Chicago Report
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You'd be hard-pressed to find a hotter neighborhood in the area than Chicago's Fulton Market, but while many developments are ready to go, they can't get the financing to get off the ground.

Chicago City Council holds emergency meeting on budget report
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Members of the Chicago City Council held an emergency meeting on a report detailing how to close a $1.1 billion budget deficit.