Chicago Teachers Union demands to know how Lightfoot is spending $2B in federal COVID relief for schools

The Chicago Teachers Union (CTU) wants to how money from President Biden's American Rescue Plan is being spent after it voted to close schools and go back to remote classes until the spike in COVID-19 cases "substantially subsides." When President Biden passed the American Rescue Plan in March 2021, Chicago received $1.8 billion in federal COVID-19 relief for the city's schools.

Democrats look to salvage wreckage of Biden's spending plan in 2022

Democrats are kicking off the new year with hopes of salvaging the fragments of President Biden's signature economic spending plan, just weeks after key moderate Sen. Joe Manchin thrashed the party's hopes of passing the massive social spending and climate bill.

Jerome Powell faces turbulent 2022 as Fed walks economic tightrope

Federal Reserve Chairman Jerome Powell is entering 2022 with the American economy on shaky ground, teeing up a challenging year for the U.S. central bank as it accelerates its withdrawal of support, all while navigating the ever-changing landscape of the coronavirus pandemic.