Chicago Tribune Reporter Peter Matuszak: Losing almost a teacher a day in interest in CPS loans

John Williams

Illinois Gov. Bruce Rauner speaks to reporters in the rotunda at the Illinois State Capitol Monday, Sept. 26, 2016, in Springfield, Ill. Teachers in the nation’s third-largest public school district have overwhelmingly voted in support of a strike, though the earliest one could occur is mid-October. (AP Photo/Seth Perlman)

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Chicago Tribune Reporter Peter Matuszak explains what caused the Chicago Public Schools to owe $70,000 a day in interest. He tells John the percentage of interest of loans borrowed by CPS in the last week, which amounts to six times more than most other school systems, potentially owed through December. Here are some of the ways that money is to be used.

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