Analyzing CPS’ Financial Challenges

The Chicago Board of Education is expected to sign off on a $200 million borrowing plan today to help the cash-strapped district manage its financial woes until the end of the month. But the massive cash-crunch facing CPS will remain and some observers fear that teacher layoffs and other school cuts might be inevitable. Tonight we talk with Chicago Teachers Union President Karen Lewis and Chicago Principals and Administrators Association President Clarice Berry about what they're doing to help CPS get through these dire fiscal challenges.