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)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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.

The Mincing Rascals

More The Mincing Rascals

The John Williams Show
Weekdays 9 a.m. - noon JohnWilliams

Focusing on current events, John discusses the news of the day, sports, television programs, movies, and books with a thoughtful perspective and quirky sense of humor. Inquisitive and curious by nature, he asks what listeners want to know and his guests never get a pass on the tough questions. (Click for more.)

Popular