Story perspectives

Chicago Budget Talks Stalled Amid Corporate Tax Controversy

12/16/2025

Summary

Johnson Advocates Budget

In Chicago, Mayor Brandon Johnson (D-Chicago, Ill.) met with Council members to advocate an alternative budget, but progress was limited.
The discussions centered on a controversial corporate head tax affecting large companies.
Compromises included restoring summer youth jobs and removing a garbage fee hike.
City Budget Director Annette Guzman said projections were exaggerated.
In Italy, thousands protested Prime Minister Giorgia Meloni's budget, and unions demanded more investment in essential services.

Summary

Willis Projects Economic Growth

New Zealand Finance Minister Nicola Willis projected a positive economic outlook for 2026 during the Treasury's half-year report release.
The forecast comes amid ongoing discussions about budget priorities and economic strategies.
The government aims to address key financial challenges while fostering growth and stability.
This stance follows ongoing budget deliberations and policy planning for the 2026–27 period.

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Johnson Advocates Budget

In Chicago, Mayor Brandon Johnson (D-Chicago, Ill.) met with Council members to advocate an alternative budget, but progress was limited.
The discussions centered on a controversial corporate head tax affecting large companies.
Compromises included restoring summer youth jobs and removing a garbage fee hike.
City Budget Director Annette Guzman said projections were exaggerated.
In Italy, thousands protested Prime Minister Giorgia Meloni's budget, and unions demanded more investment in essential services.

1 / 2