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Working Lunch

Thursday, April 17, 2025

It's lunchtime, Chicago.

Chicago Sky power forward Angel Reese on April 11 paid $1.275 million for a newly built, four-bedroom, 3,600-square-foot house in southwest suburban Lemont.

In Lemont, Reese purchased the house through a recently formed limited liability company. Her new house has 3½ bathrooms, a first-floor study, a media room, a three-car garage and a lookout basement, all on a 0.41-acre property.

And in an address to The Economic Club of Chicago, Federal Reserve Chair Jerome Powell said the economy will likely stumble as it adjusts to new trade policies announced by the Trump administration. But it’s unknown whether any inflationary effects will be long term or a one-time hit for businesses and consumers, he said.

Read that story and more in today's Working Lunch.

Top business stories | Real estate

Chicago Sky star Angel Reese buys home in southwest suburban Lemont for $1.3M

A Maryland native, Reese played college basketball for the University of Maryland and for Louisiana State University, which she led to its first national championship.

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Trump tariffs will drive up inflation, Federal Reserve Chair Jerome Powell tells Economic Club of Chicago

Powell sought to calm fears about the current state of the economy in remarks at the Hilton Chicago Hotel.

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Trump administration plans to end the IRS Direct File program for free tax filing

The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical.

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Aurora considers tax sharing agreement with Valley Honda

Valley Honda is asking Aurora for help funding its expansion project through a $12.8 million sales tax sharing agreement.

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Toll road bill passes Indiana Senate; amendments to remove tolls failed

The toll road bill passed Tuesday, which followed Sen. Rodney Pol Jr., D-Chesterton, proposing amendments Monday to remove the toll language from the bill, which failed.

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