Originally published on Tue August 2, 2011 11:43 am
Update at 2:07 p.m. ET. President Signs Bill:
President Obama has signed into law a bi-partisan bill that raises the debt ceiling and avoids a government default that analysts as well as the White House warned could have had catastrophic effects on the American economy.
Earlier today, the Senate voted 74-26 to send the bill to the president's desk. The AP reports Obama signed the bill privately in the Oval Office.
The Illinois Department of Employment Security says the state's unemployment rate increased to 8.9 percent in May. That's up from 8.7 percent just a month earlier and the first monthly increase since January 2010.
The department said Thursday in its monthly release on the statewide unemployment picture that:
Hearings will begin in about a week on a $276 million rate increase request for the Metropolitan St. Louis Sewer District. MSD says the rate hike is needed to comply with stricter regulatory requirements and to reduce wastewater overflows into area creeks and streams.