Illinois lawmakers end session with $56B budget, new taxes on social media companies, crypto, fantasy sports

Illinois lawmakers wrapped up their legislative session early Monday morning with a $56 billion budget that imposes new taxes on social media, cryptocurrency, and fantasy sports. They authorized less spending than Governor JB Pritzker initially proposed in February.

Illinois lawmakers end session with $56B budget, new taxes on social media companies, crypto, fantasy sports

Nebraska unemployment rate released after shutdown delay

After a postponement caused by a federal government shutdown, Nebraska’s latest unemployment report is finally in. The result shows the state’s job market holding firm with a 3.0% unemployment rate in September, reflecting continued stability despite the delay.

Nebraska unemployment rate released after shutdown delay

US could hit debt ceiling by July: Bessent

Treasury Secretary Scott Bessent has called on Congress to raise the nation’s debt ceiling by mid-July to prevent a federal default. The urgent appeal underscores the potential economic ramifications if lawmakers fail to act promptly.