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Recession

(Photo Credit: Thinkstock)

May Car Sales Return To Pre-Recession Levels

Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.

06/04/2014

Expressway Traffic

Labor Day Travel Could Return To Pre-Recession Levels

Experts say the upcoming holiday could be the busiest Labor Day weekend for travel since the start of the recession in 2008.

WBBM Newsradio–08/20/2013

Pile of money. (Photo credit should read ALI AL-SAADI/AFP/Getty Images)

Study Finds Pace Of Job Cuts Lowest in 15 Years

CHICAGO (CBS) – There is new evidence that the job market strengthened last year. A Chicago research firm reports that job cutting in 2012 plunged to its lowest level in 15 years. Outplacement firm Challenger […]

01/03/2013

Judy Baar Topinka (Photo From Judy Baar Topinka Website)

Topinka Warns Of Devastating Effects From Fiscal Cliff

Illinois Comptroller Judy Baar Topinka says the state will face devastating consequences if the federal government goes over the fiscal cliff.

12/28/2012

At Chicago City Hall Outside The Mayor's Office. (AP Photo)

City Budget Deficit Falls To $300 Million

The City of Chicago’s 2013 budget gap now stands at $298 million–after belt-tightening knocked $71 million off the total.

09/24/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

09/11/2012

President Barack Obama speaks during a town hall style meeting in Atkinson, Illinois, August 17, 2011, during the final day of his three-day bus tour in the Midwest centering on ways to grow the economy. (Photo credit: JIM WATSON/AFP/Getty Images)

Obama Wrapping Up Midwest Bus Tour In NW Illinois

President Barack Obama was wrapping up an official White House listening tour through the Midwest on Wednesday.

CBS Chicago–08/17/2011