The Cost Of Doing Business Without A Budget
From WGN: Greg Baise joins the show. He’s the president and CEO of the Illinois Manufacturers Association. Rick and Baise will discuss why his group and other business groups have dubbed this legislative session one of the worst ever for employers.
Illinois Bondholders Stand Pat as State Veers Toward Cut to Junk
From Bloomberg: Some of the top holders of Illinois debt aren’t bailing out, even as the state slides toward a junk bond rating. The reason? They say Illinois isn’t an economic basket case, just the victim of a political logjam that will one day be broken.
Illinois end-of-year budget deficit to top $6 billion
From WGN: The state’s budget deficit will top $6.2 billion for the fiscal year through June 30, forecasters for the Illinois General Assembly estimated Wednesday.
Unemployment Rate Falls to 16-Year Low, But Hiring Slows
From the Wall Street Journal: The unemployment rate fell to its lowest level in 16 years in May, a fresh sign the slow and long-running U.S. economic expansion has entered a new stage that has left businesses struggling to find qualified workers.
U.S. Supreme Court asked to take Illinois’ Janus v. AFSCME case challenging forced union dues
From Illinois News Network: The nation’s high court is being asked to take up the issue of whether government employees should be forced to pay dues and fees to government unions.
President Trump to Outline Workforce Training Agenda to Address Skills Gap
From the Wall Street Journal: President Donald Trump will give a policy speech at the Labor Department next week outlining the administration’s worker-training initiatives, a senior White House adviser said Wednesday.
House passes sweeping legislation to roll back banking rules
From the Washington Post: The House on Thursday voted to free Wall Street from many of the strict constraints put in place after the 2008 financial crisis, the opening salvo in what is likely to be a protracted battle over deregulation of the powerful banking industry.