CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of ...

Chicago Public Schools finances ... needs to consider seizing control of the troubled school district. That’s the finding of the Civic Federation in a new report being released today that ...

Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog group the Civic Federation.

A new report being released today by the government watchdog Civic Federation puts Chicago Public Schools finances under the microscope as the district nears a fateful turning point. Homeowners ...

After rejecting the recommendations of a third-party arbitrator, the Chicago Teachers Union said it would continue ...

As Chicago Public Schools tries to get its fiscal house in order, it faces management turmoil, risks to federal funding and ...

The Civic Federation of Chicago, the local budget watchdog, is warning that finances are so bad in Chicago Public Schools, that the State of Illinois may need to take control of the school system. The ...

The rejection of the report could bring the teachers union closer to a strike. The school district is still reviewing the ...

according to the Civic Federation. The budget watchdog group released a comprehensive report detailing the dire financial situation Chicago Public Schools faces, especially next year. "The amount ...