In the News

A new bill introduced in Congress would allow 403(b) plans maintained by tax-exempt organizations to make use of collective investment trust (CIT) investments—an alternative to mutual funds that may provide significant cost savings for 403(b) plans and their participants. The recently enacted SECURE 2.0 Act took the first steps along this path by making amendments to the Internal Revenue Code to permit 403(b) plans to invest in these vehicles; however, that legislation failed to include the necessary changes to securities laws.

The Forest Preserve District received a check for $1.1 million on Friday, June 2, that will pave the way for a new trail linking the District’s longest path with Route 66 in Joliet Township.

U.S. Rep. Bill Foster presented the check during a ceremony along the proposed trail route in the Preston Heights area, just south of Laraway Elementary School on Rowell Avenue. 

WASHINGTON, June 2 (Reuters) - The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit.

That's not likely to happen any time soon.

BELVIDERE — A federal deal to raise the debt ceiling will have a trickle down effect to the Stateline area.

Prior to the deal coming to the house floor for a final vote, lawmakers had to approve a "rule" which essentially means a deal and parameters to bring an item to the floor for a vote. The vote for that rule is where Republicans hit a snag.

​The House adopted a rule for floor debate on the debt ceiling and spending curbs package after Democrats flooded in to keep the measure on track at the last minute.

The rule vote sets up the bill to pass Wednesday night as Congress faces a June 5 deadline to lift the nation's $31.4 trillion borrowing cap. Republican leaders ultimately lost 29 of their members on the procedural vote and the rule looked set to go down as the gavel was about to fall.

The American Bankers Association sent a letter today to Reps.

BOLINGBROOK, IL – Pace was thrilled to welcome Congressman Bill Foster, Will County Executive Jennifer Bertino-Tarrant, and Mayor Mary Alexander-Basta to celebrate Community Project Funding secured by the Congressman to create a passenger waiting area at the agency’s Old Chicago (Bolingbrook) Park-n-Ride, offering riders a more comfortable place to wait for the bus.

Members of Congress who represent parts of Lake County — three of the four are new since January — are making their services more accessible with help from a variety of cooperative organizations and the internet.

Along with his Lincolnshire district office, U.S. Rep. Brad Schneider, D-Highland Park, has weekly office hours in Waukegan and Round Lake Park, as well as multiple dates set aside in three other parts of the county from Deerfield to Zion to Fox Lake.