The City of Chicago made a $640 million pension payment to CPS, then turned around and borrowed $500 million to avoid more cuts. Ralph Martire of the Center for Tax and Budget Accountability talks about the plan, and what it means going forward
Illinois Gov. Pat Quinn signed a controversial overhaul of two Chicago pension systems into law on Monday, as Mayor Rahm Emanuel vowed he wouldn't raise property taxes for at least a year to pay for the pension changes.
The recent closure of 49 public elementary schools in Chicago has one local group alleging it's a human rights violation. We learn about the group's accusations, and talk to CPS' CEO Barbara Byrd-Bennett about the district's budget.
Illinois U.S. Sen. Mark Kirk has released a video about the recent downgrade of the state’s credit rating. It’s the first video the Republican senator has released that isn’t about his recovery from the stroke he suffered earlier this year.