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economic impact

Trump floats USMCA exit; Midwest motorists, refineries could see hardship

The agreement isn’t set to expire until July 2036, though it provides for regular review of the terms and the countries to negotiate every six years – with the first six-year term over at the beginning of July. #usmca #trade #trump #thecentersquare

State Sen. Willie Preston Skeptical of Bears’ Reported Move to Indiana

“I’ll believe it when I see it,” Preston said. “The Bears have been bluffing for years, and until moving trucks roll out, I’m not buying it.” #chicagobears #chicago #williepreston

Illinois Democrats Warn SNAP Cuts Could Hurt Family-Owned Grocery Stores

“As thousands of Illinoisans lose food assistance this month, family-owned grocery stores are bracing for inevitable losses,” the DPI said. #snap #democratss

UChicago Medicine Reports $1.1 Billion in Community Benefit Investments for Fiscal 2025

Officials said the increase was driven largely by rising uncompensated care costs, including Medicare and Medicaid losses, unrecoverable patient debt, and the first full year of operations for UChicago Medicine Crown Point in Northwest Indiana. #investment #uchicago #benefits

U.S. gas prices at 4-year high as oil exports hit new record

While exports surged, domestic stocks of crude oil, gasoline, and diesel fell sharply. Before the war began in the Middle East, which closed the Strait of Hormuz to most ship traffic, global oil and motor fuels markets were awash in supply. #gas #prices #oil

Reentry housing bill draws support from advocates; debate centers on cost, public safety

The bill expands affordable housing and reentry services for people leaving Illinois prisons, aiming to improve long-term outcomes by reducing homelessness and recidivism. #bill #housing #prison

Pritzker Administration Awards $4.85M in Tourism Grants Across Illinois

“These investments will allow communities across Illinois to expand their events and festivals, promote one-of-a-kind destinations, and draw visitors from near and far to our great state.”#pritzker #grants

Allstate Seeks Re-Annexation of Former Headquarters Site in South Barrington Amid Redevelopment Plans

The site sits just north of the Jane Addams Memorial Tollway and near the Arboretum of South Barrington shopping center, making it a prime location for commercial redevelopment. #southbarrington #allstate #development

Lawmaker pushes sales tax pause on gas as questions cloud ‘fragile’ ceasefire

“We impose a motor fuel tax across the state that was adjusted six years ago, seven years ago now, in 2019, but then we impose a sales tax on top of that motor fuel tax,” Spain said. #tax #gas

Chicago office vacancy rates worsen, card swipe numbers offer hope

Glennon said modern buildings with amenities are holding up well, but older, Class B buildings are selling space for 10 or 20 cents on the dollar. #office #chicago #rates

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