CPI rose in June to 2.7% annual rate, highest since February
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
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The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
President Trump urges patience even as the U.S. economy shrank for the first time since early in the COVID-19 pandemic during the first three months of this year.
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
Illinois leaders want farmers and agricultural workers to know they have their backs when it comes to selling their good around the world, even amid President Donald Trump's escalating trade war.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
A growing number of unemployed workers have been searching for a new job for more than 15 weeks, labor data shows.
Organizers of the protest said the current administration was warned of this out come if the War in Gaza persisted and U.S. funding to Israel continued. Meanwhile, as Charlie De Mar reports, immigrants' rights advocates are also concerned about what will happen in the new Trump administration.
CBS News polling showed that 45% of voters said their financial situation was worse today than it was four years ago.
"It's the economy, stupid," – A four-word strategy that helped Bill Clinton defeat incumbent President George H.W. Bush in 1992. Three decades later, the economy again was a driving factor in a presidential election. CBS News Chicago examined exit poll results and the way rising prices helped President-elect Donald Trump win his second term in office.
President-elect Donald Trump's vow to raise tariffs could have Americans paying more for goods, from toys to auto parts, experts say.
Trump also degraded the press, and doubled down on false claims of a stolen 2020 election.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Raising a child in the U.S. costs hundreds of thousands of dollars. Many younger Americans say they can't afford it.
The latest labor market data comes less than two weeks ahead of the Federal Reserve's decision on whether to cut interest rates.
The 142,000 jobs added in August is fewer than the expected 160,000. It's also the 44th consecutive month of job growth.
Vice President Kamala Harris will make her first visit to New Hampshire since 2021 where she is set to unveil another part of her economic plan. Trump is pushing to extend the tax cuts he and Republicans enacted years ago and will deliver a speech Thursday in New York about his plans.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Chicago's Derek Hill hit a two-run shot that tied it at 3 in the seventh.
The 94th annual St. Jude Memorial March stepped off Michigan Avenue on Sunday morning.
There was no immediate reason given for the 81-year-old's hospitalization.
At 22-12, the Cubs are a season-high 10 games over .500.
The department said the victim has been identified, but is working to locate next of kin.
There was no immediate reason given for the 81-year-old's hospitalization.
Elmwood Park, Center Cass, Oak Lawn Hometown, and Atwood Heights are among the Illinois districts being investigated by the Justice Department over classroom instruction on gender and sexuality.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
The longest shutdown of a federal department in U.S. history came to an end on Thursday when President Trump signed a bill to fund most of the Department of Homeland Security following a breakthrough on Capitol Hill.
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
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.
The second-largest physicians' group in the U.S. has issued a surprising switch in breast cancer screening recommendations.
A new $48 million wellness center opened Thursday in the West Garfield Park neighborhood. The goal is to improve the health and quality of life for people on the West Side of Chicago.
La Rabida Children's Hospital went all out for Earth Day on Wednesday, with volunteer cleanup efforts by staffers and activities for patients and families.
It has been several weeks since West Suburban Medical Center in Oak Park, Illinois, abruptly shut down — and then on Wednesday, it just as swiftly partially reopened, with some services available.
The Centers for Disease Control and Prevention says more than 80% of deaths related to pregnancy are preventable, and Black women are three times more likely to die from pregnancy-related causes than white women.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
A $170 million-plus plan announced this week will redevelop the Water Tower Place mall on the Magnificent Mile.
The Holiday Club in Chicago's Buena Park neighborhood will soon be going out of business, as the building that houses the popular bar is set to be torn down.
At a meeting on Tuesday, the Lincolnwood Village Board approved a pre-development agreement with the mall, providing a roadmap with the property owner for further preparations and government approvals for redevelopment.
The only remaining location of Pal Joey's pizzeria in Batavia, Illinois, will soon be going out of business, its owner announced this week.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Tickets for the 2026 Ravinia Festival season went on sale Thursday morning.
According to Iran’s state media, Iran’s latest proposal to the U.S. calls for issues between the two nations to be resolved within 30 days and aims to end the war rather than extend the ceasefire.
Some storms have the potential to create gusty winds and possibly small hail. Meteorologist Kylee Miller has the latest in First Alert Weather.
Hundreds of people strolled through the park for everything from fresh produce to baked goods and crafts, and even exercise classes. The market runs every Sunday through October.
During his weekly Sunday prayers, the pontiff reminded crowds in St. Peter's Square that reporters are all too frequently victims of war and violence.
A steel beam recovered from the Twin Towers of the World Trade Center will travel more than 10,000 miles to 21 states over the next few months. The beam is scheduled to make a stop at the Chicago Fire Department Engine 18 on August 12.
Joliet police said officers responded to the scene and found a 31-year-old man suffering from a gunshot wound to the head.
The 94th annual St. Jude Memorial March stepped off Michigan Avenue on Sunday morning.
The department said the victim has been identified, but is working to locate next of kin.
There was no immediate reason given for the 81-year-old's hospitalization.
PAWS Chicago welcomed 25 beagles from a massive rescue operation on Saturday.
More than four months after a Chicago woman battling ALS was told she couldn't get a disabled parking placard in front of her home, the sign is up and her life is about to change.
An elderly woman has essentially abandoned her home of three decades because of constantly broken elevators at her high-rise condo building on the Southwest Side of Chicago.
Violent retail crime is on the rise in Illinois, according to a new report from the Illinois Organized Retail Crime Association.
A top administrator in the Libertyville school district has been placed on leave after a fiery school board meeting focused on how the district handled allegations of grooming leveled against a former teacher.
Potholes along one stretch of road in Chicago's Pullman neighborhood are so bad, people say they damage their cars just getting to work.
Chicago's Derek Hill hit a two-run shot that tied it at 3 in the seventh.
At 22-12, the Cubs are a season-high 10 games over .500.
The White Sox broke through against Michael King (3-2) in the sixth and then chased the Padres' top starter in the seventh.
The Cubs had not won 10 in a row at home since they had 14 straight victories at Wrigley from May 18-June 22, 2008.
Munetaka Murakami hit his majors-leading 13th homer of the season to highlight a six-run second inning, Colson Montgomery added his ninth home run, and the Chicago White Sox beat the San Diego Padres 8-2 for their fourth straight win.
Chief Geoff Guttschow, who has an autistic child who drives, says the Blue Envelope Program gives officers a tool to recognize when a driver may need additional communication support.
A woman has been charged with shooting a 15-year-old boy outside an indoor track facility near Gately Park in Chicago in 2024, after getting into a fight with another woman during a back-to-school event in the Pullman neighborhood.
Sexual abuse charges were filed this week against a Park City, Illinois, police officer.
Attorneys for the man convicted of the murders of two girls in Delphi, Indiana, have filed a new brief with the Indiana Court of Appeals to overturn his case.
Attorneys for a woman convicted of killing her 69-year-old landlord in Chicago's Arcadia Terrace community have filed an appeal.
