Mayor Brandon Johnson said city and state finances are at a "point of no return" and imposed hiring limits as his finance team considers a list of politically risky tax moves to plug a $1 billion budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: PepsiCo division leases space at logistics hub on former Allstate campus, Weiss Memorial Hospital closes after getting cut from Medicare and Medicaid, US Foods urges Performance Food to engage in merger talks and Portillo's hits speed bump in Texas expansion.