Politics

After years of surplus from COVID-19 related stimulus, state tax revenues declined by 6.7% in nominal terms and 9.4% in real terms in June when compared with a year prior.

Philip Jefferson was the Biden administration's pick for the Fed's number two position following the departure of Lael Brainard earlier this year. Two more Fed nominees are expected to get confirmation votes this week.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

Sports wagering is forecast to increase the state's revenue by about $23 million a year when it's fully implemented. Retail locations open this week and mobile applications go online at the end of the month.

The EPA did not seek public comment before revising the rule overseeing polluted waterways.

U.S. airports collectively face $151 billion of infrastructure needs over the next five years, the bulk of which is tied to terminals, according to the Airports Council International.

State economists announced during a forecast presentation to lawmakers that taxpayers will see a record "kicker" rebate when they file next year's taxes.

The White House should remove barriers to help usher in a "golden age of technology" in the water sector, said the President's National Infrastructure Advisory Council.

The state is capping transfers of fossil fuel-related revenue to its general fund and will invest money that exceeds the cap through a Severance Tax Permanent Fund.

The procurement method fosters collaboration and allows flexibility to manage construction costs, proponents say.