Today’s news
Illinois, Cook County Erase $2B in Medical Debt
State and county programs buy debt for pennies on the dollar to provide relief to low-income residents

McHenry County Sales Tax Increase Outpaces Replaced Property Tax
Officials say new sales tax generated more revenue for mental health services than previous property tax levy.
Cook County Launches Permanent Guaranteed Income Program
Supporters hold meeting to help shape distribution of $7.5 million in funding
Recent news
Mar. 2, 2026
Coal Plays Key Role in Shielding Americans from Energy Price Spikes
New analysis shows coal generation surge saved consumers $30-$40 billion in 2025 as natural gas prices climbed.
Mar. 2, 2026
Trump Seeks to Recreate '90s Boom with AI and Fed Pick
Economists express doubts about the administration's economic strategy.
Feb. 27, 2026
Illinois Grapples with Reliance on Property Taxes
Experts explore potential solutions from other states to address rising property tax burdens
Feb. 25, 2026
Proposed legislation could save Illinois utility customers $40M in 'hidden expenses'
Consumer groups back bill to prohibit utilities from charging for trade group memberships, legal services, and other costs not directly benefiting customers.
Feb. 24, 2026
Taxpayers Could Face Millions in Cleanup Costs for Abandoned Oil and Gas Wells in Illinois
Study finds thousands of unplugged wells pose health and environmental risks, with the state potentially liable for over $1 billion in cleanup costs.
Feb. 23, 2026
Trump Raises Baseline Tariffs, Impacting Ag Commodity Prices
Increased tariffs on all imported goods to the U.S. spark concerns over retaliation and impact on agriculture markets
Feb. 23, 2026
Supreme Court Strikes Down Trump Tariffs
White House vows new tariffs as legal battle continues
Feb. 22, 2026
Illinois Erases $1.1B in Medical Debt
Medical debt relief letters are arriving for 500,000 Illinois residents
Feb. 20, 2026
Chicago Universities Accused of Pushing Low-Income Families into Debt with Parent PLUS Loans
Report alleges Loyola and DePaul may be favoring wealthier students with merit-based aid, leaving lower-income families to rely on high-interest federal loans.
Feb. 18, 2026
Fed's Goolsbee Says Future Rate Cuts Depend on Inflation Progress
Chicago Fed President Goolsbee expresses caution on further rate cuts until inflation shows more progress towards 2% target.
Feb. 17, 2026
Forest Park Passes Audit but Faces Ongoing Financial Challenges
Village commissioner proposes new restaurant tax to boost revenue as expenses continue to outpace income
Feb. 16, 2026
Singapore Imposes Sustainable Aviation Fuel Levy
New tax aims to boost cleaner fuel use at Southeast Asia's busiest airport
Feb. 15, 2026
DePaul & Loyola Accused of Steering Low-Income Families Toward Risky Parent PLUS Loans
Report alleges universities are favoring wealthier students with better financial aid packages.
Feb. 14, 2026
DePaul, Loyola Chicago Accused of Steering Low-Income Families to Take Out Large Loans
New report claims universities offered tuition breaks to wealthier students while pushing expensive loans on lower-income families.
Feb. 10, 2026
Illinois Faces Potential $1 Billion in Cleanup Costs for Abandoned Oil and Gas Wells
A new report suggests the state's weak regulations and lack of data make it difficult to hold drilling companies accountable.
Feb. 9, 2026
Illinois Expands STAR Bonds Program to Boost Economic Development
Governor Pritzker announces over $1 billion in new sales and 5,000 jobs from expanded tourism and entertainment projects.
Feb. 9, 2026
Illinois Faces $1 Billion Bill to Clean Up Abandoned Oil Wells
Report finds weak regulations and enforcement allow operators to avoid responsibility for decommissioning inactive wells
Feb. 9, 2026
Illinois Faces Potential $1 Billion Cleanup Cost for Abandoned Oil and Gas Wells
A new report suggests the state may be on the hook for plugging and cleaning up thousands of inactive wells across Illinois.
Feb. 9, 2026
Illinois Expands STAR Bond Program Statewide
New legislation empowers municipalities across the state to access financing for major tourism, entertainment, and retail projects.