This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Illinoisans Brace For Federal Cuts, Furloughs

"You make cuts where you can," said Reuter, 51.



The U.S. District Court for the Northern District of Illinois in Chicago is contemplating closing its doors one workday every week, explained Tom Bruton, the court's clerk. If there's no fix for months, it may have to stop holding civil trials.

The yearly operating budget of the court â¿¿ one of the nation's busiest â¿¿ is around $16 million. Bruton didn't have exact figures for the looming shortfall but said it could be in the millions of dollars.

The cuts also would force around 1,000 employees working out of the FBI's Chicago office to take 14 unpaid furlough days, including agents working current investigations, said office spokeswoman Joan Hyde.

In an email, Hyde said the federal budget cuts "would undoubtedly impact (the Chicago FBI's task forces') valuable work in areas such as terrorism, violent crimes, crimes against children and white collar crimes."



Carol Beaney, 57, a disabled resident from Crescent City, arranges a ride in a van equipped with a lift for her power wheelchair whenever she needs to go to a doctor's appointment. The van is part of the special medical services provided by a nonprofit rural transit service called SHOW BUS, and the nonprofit plans to eliminate special medical services if the budget cuts come to pass.

The service helps Beaney live more independently in her own home. Losing transportation could hasten a move to a nursing home or other institution for people like her.

"I sincerely hope (the White House and Congress) are never in my position and have to listen to their future being debated like that," she said.

Laura Dick, the director of SHOW BUS, which serves seven Illinois counties, said county governments could not make up the shortfall in funding.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,691.18 +12.95 0.07%
S&P 500 2,056.70 +0.55 0.03%
NASDAQ 4,878.1490 +14.7870 0.30%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs