Chicago Advised to Weigh Furloughs, Tax Hikes to Fix Deficit

Chicago Mayor Brandon Johnson’s budget working group has given him dozens of options — including furloughs, hiring freezes, fee increases and a property tax hike tied to inflation — to choose from as he works to close a $1.15 billion deficit for next year.

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EU Countries Call for Stronger European Payments Systems

The European Union’s economic heavyweights are urging the bloc to reduce its dependency on foreign …