Welcome to the Reader‘s morning briefing for Monday, May 22, 2017.
  • Emanuel reveals plan to borrow $389 million to keep CPS schools open

           Mayor Rahm Emanuel revealed his plan to borrow $389 million in order to     keep Chicago Public Schools in session through the end of the 2016-2017     school year and to make a payment to the teachers’ pension fund Friday. The     Chicago Board of Education will have to approve the city’s borrowing $389     million and borrowing against the $467 million that Illinois owes the     district this week. [DNAinfo Chicago]