CPS budget cuts

The move is designed to raise the standards for all CPS preschool students, officials said.

Emanuel said Tuesday he is planning to run for a third term as mayor of Chicago.

Rahm's endorsement comes after 99 percent of teachers voted "no confidence" in Claypool's leadership.

Schools are $9 billion in debt, and the union blames CEO Forrest Claypool and Mayor Rahm Emanuel.

Schools will not see more cuts this year, and and no new taxes will be proposed, officials said.

Schools will not see additional cuts this school year — and no new taxes will be proposed, sources said.

Chicago schools are in the midst of a massive budget crisis, and the union blames CEO Forrest Claypool.

Alexandra Holt served as Mayor Rahm Emanuel's only budget director.

Schools will stay open until June 20, despite CPS' massive shortfall, Mayor Rahm Emanuel said.

Ald. Ramirez-Rosa said any further cuts to CPS could prompt students to walk out of class in protest.

The mayor announced April 30 that students will be in school until June 20, as scheduled.

The governor fired back in an escalating fight with the mayor Friday from the basement of the building.

Mayor Rahm Emanuel said again Tuesday that students will be in school until June 20.  

The CPS school year could end June 1 unless there's an infusion of cash in the next week.

A hearing in the school district's lawsuit against the state is set for Wednesday.