As President Donald Trump rolls out his TrumpRx proposal to cut prescription drug prices, economists are raising questions about what happens when prices are capped and whether short-term savings for consumers come at the expense of future medical breakthroughs. On Friday, Trump announced deals with nine pharmaceutical companies to lower prices on certain medications for Americans, along with $150 billion in promised new investments in domestic manufacturing and...

The Department of Education will begin garnishing wages of those with defaulted federal student loans starting in January.  The Trump administration announced in May that it would resume collections on defaulted federal student loans — including wage garnishments and seizure of Social Security benefits — for the first time since 2020. In March 2020 at the onset of the COVID-19 pandemic, the government paused referring federal student loans...

A potential veto of Chicago’s 2026 budget by Mayor Brandon Johnson could trigger the Windy City’s first-ever municipal shutdown. Johnson reportedly rebuked the budget passed by council over the weekend, which lacks the mayor’s favored per-employee “head tax” on corporations, as “morally bankrupt.” If Johnson were to veto the budget, it would place the onus back on city council to rehash a plan that could get signed before...