Money is the top item on the agenda at Wednesday’s Chicago Board of Education meeting. With the public schools facing a billion-dollar shortfall, board members are convening to vote on two measures to head off a fiscal catastrophe. The first has to do with short term: a vote to authorize $200 million in new borrowing to get the district through the rest of June. The second is long term - or at least a little more long term – a vote to a billion-dollar line of credit to shore up the financials for another year. Better Government Association Senior Investigator Sarah Karp walks us through what happened at the meeting and helps us assess how CPS is doing when it comes to dollars and cents.
Now that the armed forces is voluntary enlistment, we may think that service members no longer seek conscientious objector status. That's not the case. We learn more about the application process for conscientious status.
The federal budget battle over the summer was not kind to U.S. markets and broader economic recovery efforts; but if there was a silver lining to the debt-ceiling debate, it was perhaps that Congress learned a lesson.
Icelanders go to the polls this weekend to decide whether to pay the debts of a failed bank. Planet Money's David Kestenbaum is in Reykjavik, and he spoke with Renee Montagne.For more: Read our post, "Should I Pay For Bankers' Mistakes?" Copyright 2011 National Public Radio.