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Watchdog group has fixes for Illinois budget

SPRINGFIELD, Ill. | An influential government watchdog group says Illinois should keep its temporary income tax increase in place for a year longer than initially promised and begin taxing retirement income to dig the state out of a massive budget hole — a solution that's both being praised …

March 03, 2014 3:28 pm

Mayor Copeland Surprises Full Time Employees with Holiday Bonus

EAST CHICAGO | In 2010 and 2011, the City was dealing with the worst of its financial crisis.  It had to find ways to adjust its budget, which had a $15 million shortfall, to cope with the new fiscal reality which included the 1-2-3% cap on Property Taxes instituted across the state, and a w…

December 12, 2013 5:08 pm

Pension crisis endangers Chicago's future

CHICAGO | It's not the vision of a world class city that Chicago Mayor Rahm Emanuel typically likes to portray.

December 09, 2013 11:37 pm

Season of uncertainty for stores

NEW YORK | Will Washington be the Grinch who stole Christmas?

October 19, 2013 11:00 am

Lawmakers set to approve state budget, adjourn for year

INDIANAPOLIS | The Republican-controlled General Assembly early this morning was on the verge of approving a two-year state budget plan that reduces taxes on Hoosiers by $1.1 billion.

April 26, 2013 11:00 pm Related


Husband and wife dedicated lives -- and home -- for Cedar Lake Girls Softball

Husband and wife dedicated lives -- and home -- for Cedar Lake Girls Softball

CEDAR LAKE | If Shirley Mudy were in charge of national finances, "fiscal cliff" and "sequestration" would likely not be part of the country's lexicon.

April 19, 2013 5:00 pm

Congressmen don't show any common sense

I wonder how many in Congress would have their job if common sense were a prerequisite.

March 22, 2013 12:00 am

Bank official: Evidence of economic growth exists

OLYMPIA FIELDS, Ill. | A senior portfolio manager for the MB Financial Bank says he is optimistic the economy will continue to improve, even though the evidence of improvement in recent months has been miniscule.

March 15, 2013 10:46 am

Obama's actions run counter to his oath of office

President Barack Obama, to borrow $2+ trillion from China in 2011, sequestered (set aside) the tax cuts Congress wanted until Jan. 1, 2013.

March 11, 2013 12:00 am
Webb Ford

Webb Ford

March 03, 2013 12:00 am

YOUR MIND ON MONEY: Investors may not feel effects from sequestration

After subjecting readers and myself to what seemed like endless discussion of the frightful “fiscal cliff,” I was done talking about the incessant shenanigans coming out Washington, D.C.

March 01, 2013 12:00 am

Obama administration wants to keep Americans afraid

Why is it that every six months or so the Obama administration warns us of another impending economic disaster? The Great Recession, sequestration, fiscal cliff, debt ceiling -- are all allegedly threatening the livelihood of seniors, veterans, cops, teachers, kids. What’s going on here?

February 28, 2013 12:00 am
The Daily Fix

The Daily Fix

Offering perspective on today's issues

February 28, 2013 12:00 am
The Daily Fix

The Daily Fix

Offering perspective on today's issues

February 25, 2013 12:00 am

Administration wants more taxes, no spending cuts

This administration, the president and the Democratic Senate told us raising taxes on the rich would: 1. Prevent the fiscal cliff. 2. Help eliminate our yearly $1 trillion-plus deficit. 3. Bring down our over $16 trillion debt. With no spending cuts and no budget for more than four years we …

February 18, 2013 12:00 am
Business poised to pick up in region this year

Business poised to pick up in region this year

Last year was a roller coaster year for the business community in Northwest Indiana as we were faced with daily headlines touting such economic risks as the fiscal cliff, economic downturns in European countries and the political unrest in the Middle East — not to mention the slow recovery f…

February 17, 2013 12:00 am Video Photos


US gains 157,000 jobs; jobless rate rises to 7.9 %.

WASHINGTON | The U.S. job market is proving sturdier than expected at a time when the economy is under pressure from Washington gridlock and the threat of government spending cuts.

February 01, 2013 4:19 pm

YOUR MIND ON MONEY: GDP report may not be as bad as it seems

The economy unexpectedly shrank in the fourth quarter of 2012. Such was the headline on Wednesday when the government released its report on total economic activity, a metric know as GDP.

January 31, 2013 7:20 am

Illinois accepting, processing electronically filed tax returns

SPRINGFIELD | Illinois taxpayers have a few more options to take into consideration this tax season.

January 30, 2013 7:45 pm

NWI economic forecast sees better days ahead

A Northwest Indiana economy that has been idling along in neutral for the past year could finally shift into gear within six months, according to the most recent reading from the NWI Leading Index.

January 30, 2013 10:30 am Related
THE TIMES BOARD OF ECONOMISTS: No economic tonic for uncertainty

THE TIMES BOARD OF ECONOMISTS: No economic tonic for uncertainty

Members of The Times Board of Economists said protracted political bickering and media coverage of the so-called fiscal cliff and debt ceiling developments have done little to reduce or remove economic uncertainty.

January 28, 2013 12:53 pm

Clinton was quarterback for political games with economy

For 10 years, Democrats have insisted President Bush’s 2002 tax cuts benefited only the rich. Dan Hallowell agrees. In his Jan. 13 letter, he refers to Bush’s “tax cut for the wealthy."

January 27, 2013 12:00 am
RETAIL: See-saw sales patterns define 2012

RETAIL: See-saw sales patterns define 2012

Retail performance during the 2012 holiday shopping season was largely disappointing because of expectations formed based on sales early in the year, Joshua Halpern said.

January 27, 2013 12:00 am
MEDIA: NWI market strong, national not so much

MEDIA: NWI market strong, national not so much

The media market in Northwest Indiana has proven resilient, with revenues generally up over 2012, according to Leigh Ellis, president of Radio One Communications.

January 27, 2013 12:00 am
SMALL RETAIL: Better times have yet to take hold

SMALL RETAIL: Better times have yet to take hold

Retailers saw a 2012 holiday shopping season in line with expectations, which have been taken down a notch ever since the 2008 recession and remain that way.

January 27, 2013 12:00 am
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