'We Know This Is A Recession, But We Don't Want This To Go Into Depression Territory,' Says Economics Professor
With the first round of economic stimulus running out, millions of Americans are about to take a massive hit to their household budget.
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With the first round of economic stimulus running out, millions of Americans are about to take a massive hit to their household budget.
The United States economy endured its worst quarter in recorded history this past spring, brought on by the ongoing coronavirus pandemic.
A marijuana dispensary in Greektown is not even open, yet it's already getting hit with fines from the city.
More than $1.5 billion – that is the impact the coronavirus has had just at McCormick Place this year.
One of the latest Chicago bars to be closed by city inspectors is Cork & Kerry, a South Side staple on Western Avenue.
The change in leadership comes a couple weeks after Walgreens announced a huge quarterly loss and a major business pivot.
It was last call Thursday night at the venerable Guthrie's Tavern in Wrigleyville Thursday night, as the coronavirus pandemic claimed another victim.
The Federal Aviation Administration said Tuesday that "in the near future" it will issue a proposed safety directive for the plane. The agency gave no indication, however, of when it might lift its March 2019 order that grounded the plane.
Manish Mallick's restaurant, ROOH, is one of more than 2,400 eateries, from New York City to Oakland, California, working with the non-profit World Central Kitchen to provide meals to the hungry.
Guthrie's Tavern in Wrigleyville announced Monday that it is going out of business.
City officials are set to decide if a pot shop can open up in the Gold Coast, right in one of the busiest parts of the city. As CBS 2's Tara Molina reported Thursday night, the neighborhood has teamed up against the plan.
Mayor Lori Lightfoot has been warning Chicago that a spike in new COVID-19 cases has been seen among 18- to 29-year-olds – just the demographic that often flocks to Wrigleyville for Opening Day for the Cubs.
The cafeteria-style deli has been serving up everything from corned beef to knishes on South Jefferson Street since 1942.
If you've walked into a store and they didn't want your cash, you're not alone.
A second stimulus payment seemed unlikely after the first stimulus led to economic gains but has a good chance now as the virus spikes and recovery stalls.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
President Trump ordered the Department of Homeland Security to find a way to pay "each and every employee" of the agency.
The Illinois Accountability Commission is asking the federal officials who ran Operation Midway Blitz to testify at two hearings on federal agents' tactics during last year's immigration crackdown in Chicago.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
A federal judge on Friday rejected efforts by the Justice Department to revive two subpoenas it served to the Federal Reserve.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
Chicago blues legend Muddy Waters' birthday is Saturday, and in his memory his eldest son is putting on a concert in Chicago.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
When Jean-Luc Godard's "Hail Mary" opened in Chicago on April 4, 1986, it drew a throng of angry protesters who considered the film an affront to their faith.
Chicago police officers say they found a man unresponsive lying on the tracks inside the train tunnel just after 10 a.m. on Saturday.
It was open to people of all faiths to pray and reflect on the resurrection of Jesus Christ.
The victims self-transported to a local hospital with reported injuries, according to Illinois State Police.
The Chicago-born pope emphasized easter’s message of hope to the crowd of thousands in St. Peters Square.
"Tuesday will be power plant day and bridge day," the president wrote on social media. "You'll be living in hell - JUST WATCH" .. ending his post with "Praise be to Allah."
A man riding a bike was killed early Sunday morning when a sport-utility vehicle hit him on Chicago's Southwest Side.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
In March 2021, in Little Village, a police officer chased Adam Toledo on foot after shots were fired on a street corner.
A man was found shot to death in the South Austin neighborhood on Chicago's West Side early Sunday.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
A Morgan Park family is still in shock after a staggering 300% spike in their latest property tax bill, and the man poised to take over as Cook County Assessor at the end of the year says it's an error he wants to make sure doesn't happen again.
Researchers at the University of Chicago have built a "self-driving" lab that uses robotics and artificial intelligence to accelerate work that would take humans weeks or months to complete.
Johnson said the position was temporary, but when the chief homelessness officer was first appointed, she told CBS News Chicago that her role was funded for three years, not two.
A former stand-out college football star with a criminal history has been convicted of sexually abusing foster children who were in the care of a Chicago facility at the center of a massive investigation.
Two more women have filed lawsuits against Massage Envy, accusing the company of failing to protect them against sexual assaults by two of their therapists.
Dansby Swanson hit a two-run homer and Matt Shaw and Happ added solo shots for Chicago in Game 2.
The Bulls missed four shots on their next possession, including three straight at point-blank range by Leonard Miller, before Booker made a 3 to make 117-108 with 1:33 remaining.
Amaya's hard shot to right-center field off Connor Brogdon (2-1) scored pinch-runner Dylan Carlson from second base.
Miguel Vargas had an RBI triple, and Lenyn Sosa and Austin Hays each drove in a run as the White Sox opened 3-0 at home for the first time since 2004.
UCLA finished the season 37-1 by defeating the three-time national champion South Carolina Gamecocks.
A man was due in court Sunday after being arrested and charged with hitting a woman with a vehicle last week and then running off in Chicago's South Austin neighborhood.
A man was stabbed to death in a fight in Chicago's Washington Heights neighborhood early Sunday morning.
Two people were injured early Sunday in a shooting on the Bishop Ford Freeway alongside Chicago's Pullman community.
A man was found shot to death in the South Austin neighborhood on Chicago's West Side early Sunday.
The president of Wisconsin's largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against Israel.
