News: Economics

Congress Planning Another Bailout

By Daniel Wagner/ AP

Tollway Oases up for Bid

By Ohn Roszkowsi/ Chicago Sun-Times
A contract to lease seven Illinois Tollway oases will be put up for public auction late next month after the operator of the previous lease was foreclosed upon.

Reid Plans September showdown on extension of Bush tax cuts

By Alexander Bolton/ The Hill

Six in 10 Workers Hold No Hope of Receiving Social Security

By Frank Newport/ Gallup

Illinois Bankers Association Offers Tips For Consumers On New Overdraft Rule

By PR Newswire

Rep. Rush unveils privacy bill

By Gautham Nagesh/ The Hill
Rep. Bobby Rush (D-Ill.) will unveil a consumer privacy bill on Monday that would force companies to obtain customers' consent before sharing their personal information with third parties.

Public Puts Higher Priority on Cutting Budget Deficit

National Journal
Fifty-one percent of the public favors reducing the budget deficit.

As Cuts Loom, Thousands of State Workers to Get Raises

By Kurt Erickson/ The Southern Springfield Bureau

Ill. To Begin New Fiscal Year with Deficit, Debt

Pantagraph.com

A Third of Illinois Home Sales Distressed Property

By Mary Ellen Podmolik/ chicagobreakingbusiness

"Socialism" Not So Negative, "Capitalism" Not So Positive

Pew Research

Senate Passes Massive Overhaul Bill

By Patrice Hill/ The Washington Times

You Cut Program

U. S. House Republicans start program that allows you to vote, both online and on your cell phone, on spending cuts that you want to see the House enact.

The Big Fat Greek Bailout

by Rep. Cathy McMorris Rodgers/ Human Events Obama Administration approves billions of taxpayer dollars for Greek bailout.

GOP Senators Pushing for Fannie and Freddie Independence

By Mark Hemingway/ Washington Examiner

Senate Demands One-Time Fed Audit

By Stephen Dinan/ The Washington Times

Payday Reform Bill on Verge of Passing Statehouse

By Steve Daniels/ Crain's

HR 1057 Gains Momentum

With 24 sponsors this Illinois House Bill directs the Auditor General to conduct a forensic audit of all State spending, hiring, procurement, and contracts awarded and provides for an oversight commission of members of the House of Representatives. Open the Books has set up an online petition to help push this effort through the Illinois House. 

Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million

By Scott Hodge/ Tax Foundation

Interest Groups Gear up for Fight with Illinois Legislators over Funding

By Brian Feldt/ SJ-R.com

State House GOP Seeks Complete Audit of Illinois Government

AP/ SJ-R.com

Blockbuster Chain Mulls Bankruptcy

By Casey Curlin/ Washington Times

Banks Ready Gantlet for Chris Dodd

By Victoria McGrane/ Politico

CBO: Deficits to average $1 trillion per year over the next decade

President Barack Obama's budget will lead to deficits averaging nearly $1 trillion over the next decade, the CBO estimated Friday.

Obama Submits Largest Budget in History, But Portrayed as Fiscal Conservative by Networks

By Julia A. Seymour, Business & Media Institute

Bush's Union Transparency Rules Retracted under Obama

By Chuck Neubauer/ The Washington Times

Groundhog Day for Chicago's Economy?

By Bill Testa/ Federal Reserve Bank of Chicago

American Reliance on Government at All-Time High

By Patrice Hill/ The Washington Times

Bluest States also the Most in Debt, Highly Unionized and Solidly Democrat (But that's all coincidental, right?)

By Mark Tapscott/ Washington Examiner

Pennsylvania Governor Proposes Cutting State Sales Tax by a Third to Help Avoid Financial Crisis

Think Illinois should consider ideas like this?

Illinois Soybean Association Calls on Sen. Durbin to Put 'Green Jobs' Back into the 'Jobs' Bill

Illinois Ranks Dead Last in Funding Pensions

By Greg Hinz/ Crain's Blog/

Sen. Reid Doesn't Have the Votes to Pass $15 Billion Version of Jobs Legislation

By Jay Heflin/ The Hill

CBO: Troop Surge in Afghanistan to Cost $36 Billion over the Next Three Years

By Roxana Tiron

Toyota Suspending US Sales of 8 Models Involved in Accelerator Sticking Recall

by Ken Thomas/ AP Writer

GM Strikes Deal to Sell Saab to Spyker

Associated Press

Feingold to Oppose Bernanke as Doubts Continue to Grow Over Re-Confirmation

by Tony Romm/ The Hill

Obama to Raise $90B with Bank Fee

by Silla Brush/ The Hill

Conrad-Gregg Commission Bill is Wrong Approach to Fiscal Crisis

By Stuart M. Butler, Ph.D./ Heritage Foundation

Arrington Targets Defense Work for Job Creation

By Roger Ruthhart/ Quad-Cities Online

Green Jobs, Red Ink, Pink Slips

By Howard Rich

Bankers Get $4 Trillion Gift From Barney Frank

by David Reilly/ Bloomberg News

2009 Bankruptcies total 1.4 Million, up 32%

by Mike Baker/ Associated Press

Catch-22 for Clunkers

by Rowena Vergara/ The Beacon News

IRS Commissioner Doesn't File His Own Taxes

by Bob Cusack/ The Hill

Christian Retailers Target Mega-Retailers in Federal Probe

by Lillian Kwon/ Christian Post

The Economy's Impact on Churches: Congressional Budgets

The Barna Group

United: Residents say bye to Illinois in '09

by Kelsey Volkman/ Web Editor/ St. Louis Business Journal

U.S. Chamber Warns of 'Double-Dip' Recession Because of Dem Policies

by Ian Swanson/ The Hill

The Long Goodbye Goodbye for Dying Brands

by Jonathan Welsh/ The Wall Street Journal

IRS Announces 2010 Mileage Rates

Unemployment Funds Going 'Absolutely Broke'

by By Peter Whoriskey/ Washingtonpost.com

Gov. Candidates React to State's Lowered Credit Rating

by Charles Thomas/ ABC-7

U.S. Extends TARP until October 2010

by Darrel A Hughes & Meena Thirivengadam,/ Wall Street Journal

Dems Seek to Raise National Debt

by Susan Ferrechio/ The Washington Examiner

Is Ayn Rand Bad for the Market?

by Heather Wilhelm/ Wall Street Journal Online

Stimulus Job Numbers: The Ultimate in "Fuzzy Math"

The Washington Examiner Continues to Update the Number of Jobs 'Not Really Created or Saved' by the Stimulus Package

Focus Shifts to Jobs Bill, Away From Economic 'Stimulus'

India Plans to Buy More Gold From IMF

Illinois Among Top States Who Are Headed Towards a Financial Disaster

President Obama Delivers on Promise to Boost the Labor Movement

By Executive Order the President of the United States discriminates against New Hampshire’s non-union workers.

Is Capitalism the Answer?

New book, Money, Greed, and God: Why Capitalism is the Solution and Not the Problem, discusses the benefits of Capitalism and Christianity.

Rasmussen Poll Says 56% Still Blame Bush For Economic Problems

Leham Brothers collapsed one year ago and President Bush left office in January but many still blame his administration for our current economic condition.

According to Gallup Business Owners Rank Highest in Well Being

Gallup-Healthways well-being index study reveals a number of surprises from data collected in the first eight months of 2009.