Fitch Lowers Chicago Credit Rating To 1 Step Above Junk Grade
Fitch lowered Chicago's rating from BBB+ to BBB- on Monday, increasing the cost of borrowing.
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Fitch lowered Chicago's rating from BBB+ to BBB- on Monday, increasing the cost of borrowing.
CBS 2's Vince Gerasole reports agricultural trade with Cuba is something that hits home here in Illinois.
Howard Davidowitz, chairman and chief executive officer at Davidowitz & Associates in New York, talks about the financial impact of the holiday.
The City Council has cleared the way for a so-called "Cat Café" to open in the West Ridge neighborhood, as part of a new animal shelter.
The 140,000-square foot facility would open in 2018 at a vacant site at 720 E. 111th St., just off the Bishop Ford Freeway.
The city of Chicago missed out on getting General Electric to move its corporate headquarters here, but it's offering something of a consolation prize.
The CTA's board Wednesday approved the largest single purchase of rapid transit cars in Chicago history, giving the contract to a Chinese rail manufacturer that has promised to build a final assembly plant on the city's Far South Side.
Boeing's new bathroom design uses ultraviolet light to clean the bathroom between uses. The Chicago-based company says the system will take three seconds to clean the toilet seat, sink and countertop in an unoccupied lavatory.
Hundreds of workers at the Nabisco bakery at 7300 S. Kedzie Av. are fighting the parent company's plan to lay off up to 600 of the plant's 1,200 employees and move the jobs to Mexico.
One of the nation's largest sporting goods retailers, Sports Authority, has announced plans to close or sell about 140 stores, and two distribution centers, including one in Romeoville, as it files for Chapter 11 bankruptcy protection.
The president of a prominent Chicago real estate company best known for developing Block 37 in the Loop has been convicted on fraud charges related to the redevelopment of the old Goldblatt's department store in Uptown, federal authorities said.
Illinois-based Sears is shedding 250 jobs, amid a new quarterly report showing the retailer has lost money and share value.
Stocks traded sharply lower Tuesday, as falling oil prices and weak consumer confidence data put traders in a selling mood.
A key black minister who supported Governor Bruce Rauner's election is hoping for a huge turnout Friday for a career opportunities expo at his church.
South Side hosts generated $2.6 million in 2015, compared with $1.2 million the year before.
House Democrats will also be holding a hearing on the five-year mark of the Jan. 6, 2021, assault on the U.S. Capitol.
"We are removing the National Guard from Chicago, Los Angeles and Portland," President Trump announced.
A recently released cache of security videos is raising new questions about the prison cameras at the facility where Jeffrey Epstein died in his cell in 2019.
Chicago Mayor Brandon Johnson and U.S. Customs and Border Protection Cmdr. Greg Bovino sparred on social media this week, after the mayor endorsed "ABOLISH ICE" as a possible name for a Chicago snowplow.
Two separate court hearings was held Wednesday to try to stop the sudden loss of $60 million in funding for Illinois after-school programs.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the holiday season, which means it's the most common time of year for norovirus to spread. Here's what you need to know about this winter stomach bug.
A study conducted in part by Chicago's Northwestern Medicine found that tanning beds not only triple the risk of melanoma, but can also damage DNA across nearly the whole skin surface.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
American Airlines announced Monday that it is adding 100 more departures from Chicago early next year as it continues its expansion at O'Hare International Airport.
The Chicago Bears are expanding their search for a new stadium to Northwest Indiana, even though they already own land in Arlington Heights and have also proposed a new lakefront stadium in Chicago.
A Culver's is coming to Chicago's South Loop, a real estate broker has confirmed.
A new vision for passenger rail is on track in southeastern Wisconsin. The MARK Passenger Rail Commission held its inaugural meeting on December 5, 2025, at Racine City Hall.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
A beloved barbershop owner in the Beverly is battling cancer, and the community he has served for decades is rallying around him.
A beloved manager at a Bronzeville restaurant died suddenly, leaving a huge void not just at the business but the works he did for so many in community.
Police are investigating after a body was found Friday evening on the Metra Milwaukee District-North line train tracks in Libertyville.
It's seemed like time was running out for injured Bears wide receiver Rome Odunze to be able to still help the team this season, but just three days before their regular season finale, he took a big step toward a return.
Congratulations to the newlyweds in the new year. Cook County Clerk Monica Gordon made it official on Friday morning, signing the very first marriage license of 2026, and presiding over the happy couple's wedding.
A 13-year-old girl is in critical condition after a fire in the West Englewood neighborhood, according to the Chicago Fire Department.
A beloved barbershop owner in the Beverly is battling cancer, and the community he has served for decades is rallying around him.
A 7-year-old boy was shot in the arm when another child got their hands on a gun Thursday night in the Humboldt Park neighborhood.
A beloved manager at a Bronzeville restaurant died suddenly, leaving a huge void not just at the business but the works he did for so many in community.
Police are investigating after a body was found Friday evening on the Metra Milwaukee District-North line train tracks in Libertyville.
As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Some Chicago area hospitals are at risk of significant flooding both in and around the buildings, according to new KFF Health News/Fathom models.
Lawmakers in Springfield are looking to address the high water bills being reported in some suburbs from customers of Illinois American Water.
Electric bills in the Chicago area could go up as much as $70 in the next three years because of data centers, according to the Citizens Utility Board.
It's seemed like time was running out for injured Bears wide receiver Rome Odunze to be able to still help the team this season, but just three days before their regular season finale, he took a big step toward a return.
Ilya Mikheyev had two goals and the Chicago Blackhawks handed the Dallas Stars their fourth consecutive loss with a 4-3 victory.
No. 1 Indiana became the first team in the brief history of the 12-team College Football Playoff to win a game after receiving a first-round bye, smothering Alabama 38-3 in a quarterfinal at the Rose Bowl.
Isaac Okoro scored a season-high 24 points, Tre Jones added 20 points and 12 assists and the depleted Chicago Bulls topped the New Orleans Pelicans 134-118.
Chicago had a chance to win in regulation, but Nick Foligno shot the puck off a post on a prime scoring opportunity in the final seconds.
Esther Jane Stephen, a high school softball coach, was arrested in 2020 in the fatal shooting of her former fiancé Shea Briar in Jay County, Indiana. Prosecutors say Stephen, known as E.J., had attempted to kill him before with a drink laced with ibuprofen.
As overall crime continued to drop in Chicago in 2025, the city ended the year with the fewest homicides in 60 years.
A teen has been charged with armed robbery, after an online marketplace meetup turned deadly earlier this week in west suburban Cicero.
A teenager was killed and another person was wounded in a shootout Wednesday afternoon in Cicero, after a robbery attempt during a social media marketplace sale, police said.
A man was left in critical condition Wednesday when someone opened fire from a vehicle in broad daylight in the North Lawndale neighborhood on Chicago's West Side.
