Chicago City Wire

CNBC's Santelli calls CPS pension problem a 'Ponzi scheme'

By John Myers | Jun 5, 2017

The Chicago Public School system's (CPS) pension fund is "essentially a Ponzi scheme,” according to CNBC on-air editor Rick Santelli, who called into “Chicago’s Morning Answer” radio show recently.

Drinks, dining and disagreement on hand at GOP club fundraiser

By John Myers | May 21, 2017

The Northwest Side GOP Club's "We-bellion Bash" fundraiser at its new headquarters was meant to bring in donors to support the organization's activities, but it also attracted a group of detractors.

Chicago public schools face several challenges in filing bankruptcy

By John Myers | Jan 6, 2017

The Chicago Public Schools (CPS) system faces a $1 billion budget deficit, and the number of options available to pay that debt are shrinking.