>> Hello and thanks for joining us on Chicago tonight.

I'm Nick Lumber.

Brandis Friedman is on assignment.

Here's what we're looking at.

President Trump once again consider sending the National Guard to Chicago.

The latest on that and ramped up immigration enforcement.

I don't like them.

And while he's incompetent.

Henson company.

As Trump aims for more control over the Federal Reserve, the Fed kicks off meetings on whether to cut interest rates >> brace yourself in Chicago is sinking.

And it's happening without you even realizing it.

But what's causing Chicago to sink?

We explain.

First off tonight, federal agents ramp up immigration enforcement efforts in Chicago.

>> Coinciding with Mexican Independence Day.

Border Patrol Chief Gregory Bovino announced in a post on X this morning that the so-called operation at large is underway touting that agents had already begun making arrests.

Vino says enforcement will also focus on suburbs with large immigrant populations, not just the city proper speaking at an unrelated event, Governor JB Pritzker slammed the crackdown saying his family was lucky to be taken in by the United States at a time when Russia was targeting and killing Jews.

We have nothing.

offered nothing.

Except.

Heard work.

I desire to get ahead.

desire to be free and to live in a secure environment.

We should not.

>> have our military have are agencies of the federal government arresting people because they look different well, because they speak with an accent.

We're because they speak another language.

>> We'll have more on the latest wave of federal agents in Chicago in just a moment.

The city should raise property taxes every year to keep pace with inflation.

That's the major recommendation of a task force.

Mayor Brandon Johnson charged with finding solutions to Chicago's budget mask, including a forecasted gap of more than 1 billion dollars next year.

The interim report from Chicago Financial Future Task Force identified up to 455 million dollars in possible cuts and up to 1.6, 5 billion dollars in new revenue.

The task force warns that without property tax increases tied to inflation, the city will be forced to slash services or raise other taxes.

But Johnson says he doesn't agree with the proposal to hike property taxes.

>> One of the things that I but it's clear to note that the working group fully established that we do not have a spending problem in Chicago.

We have a revenue challenge in Chicago and that's an important conclusion that I believe was necessary for.

The people Chicago to year.

>> You can read the full report on our websites.

Chicago's Leo High School on the city's south side gets another moment in the spotlight.

The boys choir will again compete on America's Got Talent tonight as part of the competition semifinals where Lea will face off against 10 other at the group advance to the semifinals last month after an acapella performance of Imagine Dragons believe are drawing raves from the judges.

Voting begins at 7 o'clock tonight and runs through 07:00AM.

tomorrow.

Break a leg guys.

Up next, details of the latest immigration crackdown in Chicago.

>> Chicago tonight is made possible in part why the Alexander and John Nichols the gym and K maybe family the Pope Brothers Foundation and the support of these donors.

>> As we just heard, federal officials are ramping up immigration enforcement raids across Chicago today.

It comes as President.

Donald Trump once again is vowing to send the National Guard to Chicago, prompting Governor JB Pritzker to fire back at the president.

>> I think you might be suffering from some dementia, you know, and the next wake up on the other side of the bed and stop talking about Chicago.

So I've never really counted on anything that he said.

Israel.

>> Our Heather Sharon joins us now with more.

Heather, 2 high profile members of the Trump administration landed in Chicago today.

They're signaling a new phase of their efforts to deport undocumented immigrants.

What it looked like across the city today will Christy Nome, homeland security secretary started her day very early in Elgin where she helped raid a home where 4 men were detained.

One of those men told reporters he was released after proving to agents that he is an American citizen.

He's now left to pick up the pieces of his shattered House.

Gregory, both, you know, with the U.S.

Customs and Border Patrol also said he arrived in Chicago today with social media video promising to deport who he called criminal illegal aliens.

It is not clear what specifically he has been tasked with doing in Chicago.

>> Since this new operation known as Midway, let's begin last week.

We're not sure how many people have been detained with some federal officials saying that 250 people been detained, but only 30 people or so has been formally identified.

But you mentioned there was a citizen caught up in this week, but, you know, overall, what do we know about the people?

Federal agents are detaining not a whole lot.

We heard from a spokesperson for homeland for the Homeland Security Department to say that they targeted people who had been charged or convicted with DUI, felony stalking and other violent crimes.

But we know from U.S.

ICE officials that most of the people who have been detained do not have criminal records or if they do, they are essentially nonviolent offenses like traffic infractions.

>> And obviously there's been a lot of back and forth on this.

But, you know, logistically, what does change if President Trump to place the National Guard?

We simply don't know.

We don't know what authority he will assert.

We don't know what those troops will be tasked with doing.

We do know, however, that Governor JB Pritzker will immediately ask a federal judge to block that deployment.

That means everything is very You know, we've been discussing Governor Pritzker's reaction.

Mayor Brandon Johnson also pushed back today against the Trump administration.

He signed an executive order that he said was designed to protect Chicagoans constitutional rights.

>> What would that order do?

Well, the order that he signed today instructs the Chicago Police Department to intervene if federal officials prevent Chicagoans from exercising their First Amendment rights to speech and assembly by finding an alternate location for that protests to take place.

>> We press the mayor on this at a press conference today.

It's not exactly clear how that would work, especially as these protests turned chaotic and perhaps some unrest occurs.

However, it's clear that the mayor wants the people of Chicago and Chicago to know he's doing everything he can to protect their constitutional rights.

All right, Heather, sure around.

Thanks very much.

Thanks, Nick.

>> And you can read more of our coverage about the National Guard threats and immigration enforcement efforts on our website.

It's all at W T Tw Dot com slash news.

Investors are watching closely as the Federal Reserve kicks off a two-day meeting on whether to lower interest rates.

The decision could have major ripple effect on the economy and it comes against a backdrop of increased pressure from President Trump as he tries to gain more control over the Fed, calling on it to set lower interest rates and suggesting he could fire Fed Chair Jerome Powell just last night, an appeals court ruled Federal Reserve Governor Lisa Cook can remain on the board as Trump race to unseat her before the start of today's meeting.

Joining us with more are Martin.

I can bomb professor of economics at the Weinberg College of Arts and Sciences at Northwestern University.

And LeBron clinical professor of finance at the Kellogg School of Management at Northwestern Gentlemen, thank you both for joining Martin, I'd like to start with you.

What do you expect to come out of this week's Fed meeting?

Judging by the markets?

>> And various other sources, I think it's reasonable to anticipate decline in the interest There's some question about how much I would guess, but don't know they would move gradually.

So maybe 25 basis points for now and perhaps signaling further changes.

>> And why might the Fed shoes to lower interest rates now?

Well, it is a great question.

I think understand the background.

The Fed has a dual mandate.

>> Essentially of keeping employment going and keeping inflation down.

And they're constantly balancing that mix.

So they're a little bit of a bind.

But it is true that the economy seems to be showing some signs of slowing.

The Labor Day.

That was not particularly strong and revisions were negative.

So and just anecdotally, things seem to be slowing down.

Why had tough Coleman?

Well, if you lower rates, you probably will boost.

Growth in the economy, at least temporarily.

But that will put further pressure is on prices.

The downside of all of this is that the Fed is still below its target level of inflation, which is about 2%.

And we're roughly a 2.8% in.

So they're this terrible position having to choose which of their goals they can get priority too.

>> Yeah, a little bit at loggerheads Philip.

Ron, do you think this is the right time to to lower rates?

>> rather see the fact stay steady and what you're doing right now another month or 2 or inflation data this eye, whether inflation is is going dramatically up or it can be managed.

So.

I as Martin said, quarter point, we've got in the in the Fed funds rate not going that big of a fact.

So it's certainly a new of the meeting.

But no matter what the Federal Reserve does, whatever choice they make is not going to be is.

Both point keeping.

It very tight.

Moving along, have problems.

>> And how has the Federal Reserve approach setting interest rates in recent months saying, you know, we heard a bit about sort of the the different priorities they have to juggle.

>> profoundly inflation fighter and you and those that are their main goal time being now they're going to have to put both inflation fighter as well as a slowing economy fighter and their college.

Same time.

>> Martin, I can you know, there's been a lot of uncertainty with President Trump's put it on again off again tariff policies.

Now that things have more or less settled, what kind of effects are we starting to see?

>> I think you're starting to see the effects of tariffs and various prices.

It took a while for people to work down their inventories.

But you're now seeing those price pressures for many of the viewers.

If they bought a cup of coffee recently that notice the price of coffee is going crazy.

That's not unrelated to the tariffs that we Brazil and the fact that 50% of the coffee beans that we use come from Brazil.

So that's starting to see through any broader, a broader context.

More General Leslie seems to me is an uncertainty is a bad thing.

So if I'm businessman, person should say and I'm deciding whether to invest more or less uncertainty is going to be may be much more cautious.

And so I think this stock go.

Politics policy.

This way of proceeding really hurt investment.

And we're also seeing that in the data think that's a significant contributor to the softening in the decline on the real saying the economy.

>> Yeah.

Even for folks who might not have ahead for economics, coffee prices hurt an easy way into the question.

To LeBron.

You know, the Bureau of Labor Statistics found that the job market is is much weaker than initially thought.

With about 900 fewer jobs added in 2024.

2025 than previously reported.

What do you think is driving that?

>> I think you know, a slow downward.

We're seeing good start just this year or anything.

It's been a slow process that's going on for a while.

that's what they reflect.

They don't reflect.

military flack to bias or anything like that.

They simply reflect with the way the world actually look.

>> You know, Martin, I can we know President Trump wants more control over the Fed, attempting to fire a member of its board of governors.

And he's been putting pressure on the Fed to lower interest rates.

What's your reaction to that kind of interference?

>> I think it's very dangerous.

So let me say defense should be held accountable for its policies and it the chairman testifies before Congress and all the governors are up for reappointment a amount of time.

>> I think history is pretty unkind to attempts to interfere on tree with the independence of monetary policy.

And I think just wanted to add a point of view.

Politicians often have a relatively short horizons.

They're worried about the next election office.

And so they're always tended to lower interest rates to boost the economy to achieve that objective.

History has taught us that when they do that, the result often a lot of inflationary pressures.

So, you know, Richard Nixon was famous for doing that with the then chairman north Birds in the tapes are not pleasant to listen to, especially if you don't like that didn't turn out well, that didn't turn out well, but it's not just the United States.

think this is a worldwide phenomenon that way the politicians get their hands on monetary policy.

They inevitably have a bias to the expansionary.

To the point where it often causes inflation.

Philip, Ron, same question to you.

What do you make of this pressure from the executive branch?

>> I think it's very unfortunate.

I mean, current knows about monetary policy that does about here.

>> Well, you know, we if it is in very recent past in there and he in Turkey inflation above 50% Argentina.

One point almost 300%.

>> And this is caused politicians.

Were down?

They're spending ability and pretty money through this and where rather than managing the Money Spice Channel.

2 news.

So it'll be a disaster.

from his control.

The Fed in addition to interest rate rep Toledo.

>> We've got about a 20 seconds left.

But, you know, Martin, I can What's your overall outlook on what people should expect from the economy over the course of the year?

>> Well, I think like many people in particular, people in the private sector, there is a lot of uncertainty above the look forward.

And if you look at indices of uncertainty there record levels, the various economists put together levels of indices.

That said, I do think we're slowing down and I don't think inflation is coming down as quickly as the Fed would like it to.

And so if you ask me, what do I think inflation is going to be over the next year?

Probably about what it is now, which is 2.8% And that is above the Fed's stated target of 2%.

And it hurt a lot of people.

>> All right.

Well, there's much more we could cover here.

But unfortunately, that's all the time that we have for this evening, Martin.

I can bomb Philip, Ron, thank you both for joining us.

We appreciate it.

Thank you very much.

Up next, Chicago is sinking.

We explore why that is and what can be done about it.

Something's happening in the city and you probably don't know it now.

It has to do with the ground under your feet, but you can't feel it.

And while it may be happening slowly, the consequences could be huge.

Okay.

Are you intrigued Wt Tw news?

bin Abd Ocho explains.

>> Attention Chicagoans brace yourself and Chicago is sinking.

Yes, you heard sinking.

More signs.

name is land subsidence whatever you call it, the city's ascending by more than 2 million each year.

>> That's about a 16th of an inch to get to the bottom of the matter.

You need to one 20,000 years Glacier cover the entire city, the weight of the ice caused downward motion.

And when he was gone, a rebound, the forming Earth's crust as well as helping create our clay bass oil.

>> Fast forward to the we all know about climate change, but Northwestern researchers with the first U.S.

underground climate change and its effects urban infrastructure.

They call it a silent hazard.

installed temperature sensors around the city including below ground.

Turns out the layers of clay and or Chicago are deforming over time due to the rising underground.

Temperatures.

In fact, Northwestern says the underground tents and parts of Chicago have risen 27 degrees since the 1950's.

>> The culprit buildings, transportation systems and other infrastructure creating sheet that safe underground.

>> Open space allows the ground to breathe a So the hottest temps under streets, sidewalks and buildings.

We've got a lot of those.

study of 28 cities revealed at least 20% of the land every one of them is sinking and most have 65% or more subsiding.

Those researchers cite groundwater extraction and expanded urban development has been additional contributing factors and one that even slight downward shift inland to significantly compromise the structural integrity of buildings, roads, bridges and railways overtime.

So what's to be done?

Scientists recommend increasing energy efficiency and reusing so-called he placed on the service before travels underground.

4 starts.

It looks like action today may say future generations of Chicagoans from living in a hole the ground.

>> Or at least from having their buildings.

One.

>> You can watch more of our Emmy winning W T Tw News explains videos on our website.

Now Land Subsidence was once thought to be a mainly coastal phenomenon.

But as we just heard, it's showing up in most major cities across the U.S.

and many around the world.

Scientists say this so-called slow-moving hazard means Chicago's Urban Center is losing around 2 millimeters of elevation every year.

So just how serious is this problem and what can be done about it?

Joining us with more is many Trish's I associate professor in the Department of geosciences at Virginia Tech, coauthor of one of the study's referenced in our explainer.

Thank you very much for joining us.

We appreciate it.

You know, a lot of people might be surprised to hear that Chicago is extracting groundwater given that we live next to the world's largest fresh water source.

But why is groundwater extraction making Chicago vulnerable?

>> Thanks for having me.

So gun.

to expect But it happens causes poor spaces underground become So droplets holding land the ball.

extract him those into spaces cannot hold fate of 2 mentioned above them and begin to collapse as a result of those maps for system compacts, which many of us and in subsidence and surveys as the major defusing illusion of the satellite technology that devil, you know, that.

>> So we also heard and that video, Northwestern researchers.

>> Identified underground climate change is another issue.

How does that compound the problems that you identified with groundwater extraction?

>> Changing that 10 pitch and under the ground because somebody is particularly clay to default to become flow and also that the effects would add to the effect of COVID complexion.

And it's estimated that subsidence at the pace.

>> The kind of a 2 problems we're dealing with it once.

You know now in a May 2025 paper you and your CO authors found that Chicago was among a group of cities where about 98% of their area was affected by subsidence.

And Chicago is one of 5 cities where at least 10% of their area is sinking at at a higher rate at more than 3 millimeters per year.

What makes the city's, you know, including Chicago, especially vulnerable.

>> So what drives not subside?

It's a combination of the fact as you mentioned, you big deal at the beginning for that subsidence caused by politics section complexion of the caveat, but also nation.

I just I think it just the immediate impact of that.

Some sightings might be increased funding to Chicago and parts of the city that can get flooded during his reign.

But also storms don't get impacted them.

Subsidence has particularly if it's not even so economy different or that subsidence meaning a tough sinking at to put Jason to Chuck.

It is different.

So when you have such a different child movements, it would impact any kind of infrastructure that we have made it for structure, railways, pipelines, but also foundation of the building can I think that by that.

And if it's not make a difference, not stop over the course of 5 years can cause major damage infrastructure.

That's among to significant amount of dollars that needs to be a foot to to fix repair those and percent in for infrastructures.

there's some pretty striking graphics included in the paper, one of them that we have up here, you know, shows Chicago.

>> Next to Phoenix and Philadelphia, the better it is the more land is sinking, you know, but in this, this graphic shows that virtually all of metropolitan Chicago is sinking, whereas in other cities, the effects are more concentrated in certain areas.

Why is that?

>> So Chicago has been experiencing lot of carbon section.

But most of that has stopped over a few decades ago.

So as a result of massive ground out a section that the stock 18, 60 lasted 100 years.

>> compact even in snow expecting draw a lot to something caused busy compassion.

>> Which is the gradual complexion of our pool for that.

that continues over decades after and that's usually has gradual on and become innovative things affecting packed may generally feel Chicago.

Mitchell, more this at the same rate.

They don't come punditry to fit PGA a condition.

I just I think it just a minute to explain year to get there creates long Livingston formation of that subsidy and said the victim, a after she called the ad very soon.

great as he should study.

You know, 2 or 3 millimeters a year might not seem drastic.

But >> that can be an inch every 12 to 16 years.

We've got about mid 30 seconds left.

But what are some of the mitigation strategies?

Cities like Chicago can use?

>> So a lot very difficult to fathom mitigation strategy she used to use managed a recharge.

So that's solution in that we use Texas law to even be having week, something to do in given season.

We treat the Vulcan many money and be injected underground.

Feed the poor spaces and this may be saved a bucket for baby needed but also be recovered and compensates than that innovation and in cases even managed to a stop and subsidence.

All right.

Well, it might not be something everybody is thinking about, but certainly an important issue to draw their attention to.

>> Many churches, I thank you very much for joining us.

We appreciate it.

Thanks for having me.

And that's our show for this Tuesday night.

Join us tomorrow night at 5, 30 10 now for all of us here at Chicago tonight, I'm Nick Blumberg.

Thank you for watching.

>> Closed captioning is made possible by Robert a cliff Clifford law offices, Chicago, personal injury and wrongful