CPS wants more students from all backgrounds to get the chance to skip a grade Historically, few students could jump ahead, and most who did were from schools with few low-income students. Chicago ...

Some CPS jobs are being eliminated in an effort to close a $730 million budget shortfall. CHICAGO (WLS) -- Chicago Public Schools faces a huge deficit that must be closed this summer.

Chicago Public Schools interim CEO Macquline King sat down with us to discuss the district's precarious financial situation and how she plans to reassure parents after a tumultuous year.

But Chicago Public Schools says the majority will get hired at other schools within the district. The layoffs don't help CPS close its $734 million deficit.