U.S. Representative Jan Schakowsky, an Illinois Democrat and former member of President Barack Obama's deficit commission, discusses the prospects of a federal government shutdown when spending authority expires Friday.
The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure, built in 1910, buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan.
General Motors Co. Chief Executive Officer Mary Barra faced a sometimes hostile House subcommittee who grilled her for almost three hours on the slow recall of faulty ignition switches and whether GM’s culture can change.
The leaders of President Barack Obama ’s debt-reduction commission unveiled a revised $3.8 trillion savings plan as panel members signaled reluctance to reach a consensus to cut benefits and eliminate tax breaks.
Four months after reaching a bipartisan agreement to extend a payroll tax cut through 2012, U.S. lawmakers and President Barack Obama are showing little fervor for continuing the break, which puts about $1,000 a year in an average worker’s pocket.