The Tribune's Quotes of the Week quiz for May 24
This week was chillier than usual in Chicago. Luckily, we're shaping up to have a sunny and slightly warmer Memorial Day weekend. But enough about the weather! Let's review what happened this week.
Republicans in the U.S. House of Representatives finally got enough votes to pass President Donald Trump's 'One Big Beautiful Bill,' or the 'big, bad bill' as Democrats call it. The package is full of tax and spending cuts; it slashes hundreds of billions of dollars from Medicaid and prohibits the federal program from covering gender-affirming care.
In the latest escalation in the president's bid to arrest and deport migrants en masse, federal agents targeted immigration courts across the country this week, including in Chicago, detaining individuals as they appeared for immigration hearings and check-ins.
The Trump administration also accepted the controversial gift of a plane from Qatar and gave more details about the $175 billion Golden Dome missile defense program it hopes to start building. Plus, Elon Musk appears to be less interested in politics (maybe?) as he recommitted to being Tesla's CEO for five years.
The week took a tragic turn Wednesday evening in Washington, D.C., when two Israeli Embassy employees were shot and killed near a Jewish museum. A Chicago man is charged in the killings and allegedly told a police officer he 'did it for Palestine.'
In local news, Trump's Justice Department is investigating Chicago Mayor Brandon Johnson for alleged racially motivated hiring. A bill has stalled in the City Council that would give Chicago police Superintendent Larry Snelling the ability to call curfews to try to quell violence that has happened at large teen gatherings around the city. And everyone, including the mayor, has accepted that the Chicago Bears are moving to Arlington Heights.
Elsewhere in Illinois, lawmakers nearing the end of their session have passed several bills, including eliminating a road test for senior drivers and ensuring that state Prisoner Review Board members are trained on domestic violence issues. U.S. Rep. Lauren Underwood announced Monday that she will not enter the Democratic primary race to succeed retiring U.S. Sen. Dick Durbin. And south suburban Thornton Township exited the tumultuous Tiffany Henyard-era as new officials were sworn in.
Getting away this weekend? You're not alone. A record numbers of Americans are expected to travel over the holiday weekend. But if you're sticking around Chicago for Memorial Day, we've got you covered with events happening around the city as well as restaurant and bar specials.
Now let's put your memory to the test. Here's the Tribune's Quotes of the Week quiz for the week of May 18 to 24.
Missed last week? You can find it here or check out our past editions of Quotes of the Week.
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21 minutes ago
- Yahoo
New eurozone rate cut expected as Trump trade war weighs
US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. It would be the European Central Bank's seventh consecutive interest rate cut, with officials having shifted focus from taming consumer price rises to easing pressure on the sluggish eurozone economy. Trump's tariffs have added to an already uncertain outlook for the single-currency area, with Europe firmly in his crosshairs, fuelling fears about a heavy hit to the continent's exporters. Expectations that the Frankfurt-based institution will deliver a fresh rate cut were strengthened this week when data showed eurozone inflation eased to 1.9 percent in May, faster than expected and below its two-percent target. "Any doubts about an ECB interest rate cut this week have now been eliminated," said Dirk Schumacher, chief economist at German public lender KfW. Analysts expect another quarter-point reduction that would take the central bank's key deposit rate to two percent. Observers will be on the lookout for any hints from ECB President Christine Lagarde at her press conference that policymakers could hit pause at their next meeting in July, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. - Questions on Lagarde's future - Lagarde may also face questions on her own future after the Financial Times last week reported she had discussed leaving the ECB early to take the helm of the World Economic Forum, which organises the annual Davos gathering. The ECB has however insisted that Lagarde is "determined" to finish her term, which ends in 2027. Trump, who argues his tariffs will bring manufacturing jobs back to the United States, has already hit the EU with multiple waves of levies. The bloc currently faces a 10-percent "baseline" levy as well as higher duties on specific sectors. He has paused even higher rates on the EU and other trading partners to allow for talks, but he continues to launch fresh salvos that are keeping the world on edge. This week he doubled tariffs on aluminium and steel from 25 to 50 percent and last month threatened the EU with an escalation if it did not negotiate a swift deal. For the ECB, it is a tricky task to protect the eurozone from the mercurial US president's trade policies while keeping inflation stable. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure. - Easing inflation - This is due to factors including tariff-hit China redirecting inexpensive manufactured goods to Europe, recent strengthening of the euro and potentially lower energy prices. The ECB is also likely to cut its growth estimates Thursday due to the impact of the trade war, after the EU slashed its forecasts last month. Lower inflation and slower growth should push the ECB to make further rate cuts, but there are some factors making this uncertain. These include signs of resilience in the eurozone economy at the start of the year and a a potentially inflationary spending blitz planned by the new German government. Given the lack of clarity, ING bank analyst Carsten Brzeski said he believes the ECB would like to take a breather at its next meeting in July. "Unless trade tensions return with a vengeance, our suspicion is that the ECB would like to stick to a wait-and-see approach over the summer," he said. sr/sea/lth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
26 minutes ago
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Trump promised to welcome more foreign students. Now, they feel targeted on all fronts
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Russian strike kills 5, including 1 year old, hours after Trump calls Putin
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