President-elect Donald Trump is likely to tap Todd Ricketts, the co-owner of the Chicago Cubs and a member of the powerful conservative Ricketts family, to be deputy secretary of commerce, POLITICO has confirmed. Wilbur Ross remains the likely choice to lead the Commerce Department.
According to Fitch Ratings, Trump’s proposals would “significantly lower federal transfers to state budgets and could negatively affect economic growth and revenues.”
Governor Bruce Rauner says he wants to protect all the jobs he can at Exelon nuclear plants in Clinton and the Quad Cities. They’re slated to close unless they get help from the state. But Rauner says any measure that passes out of the legislature can’t mean skyrocketing energy costs for residential and business customers.
Employers that have been preparing for months to comply with a major change to overtime regulations — raising salaries, implementing time-tracking tools, restructuring promotion ladders — find themselves in an awkward limbo after a federal judge on Tuesday blocked the change a week before it was to take effect.
By: Mark Glennon* Illinois and many of its municipalities, including Chicago, are bleeding red with no end in sight. It doesn’t matter whether one side or the other capitulates or compromises in the state’s budget negotiations because nothing approaching a truly balanced budget is being considered. There is no such budget solution to be had. We began writing here four years ago by warning that a humanitarian crisis will come, the cost of which would exceed the combined damages of Hurricanes Katrina and Sandy, all concentrated on Illinois, though hitting slowly. That crisis is already here for some,
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