CHICAGO (WLS) -- To close an almost billion-dollar budget deficit, Chicago Public Schools presented a balanced budget that does not include cuts to the classroom or taking out a loan Wednesday. Yet, ...

CHICAGO (WLS) -- The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, according to the Civic Federation. The budget watchdog group ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

CHICAGO (WGN) – An important deadline is looming around Chicago Public Schools and City Hall. The first draft of the CPS Budget is due for public review in less than 10 days, but the school district ...

Chicago Public Schools officials on Friday announced more than 160 layoffs, and the elimination of more than 200 vacant positions, mostly among workers in its central office and citywide staff, as the ...

Chicago Public Schools interim CEO Macquline King sat down with CBS News Chicago to discuss the district's precarious financial situation and how she plans to reassure parents after a tumultuous year.