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Cook County Board President Toni Preckwinkle has released an initial budget for the next fiscal year, and in it she estimates a $152 estimated deficit. We talk with President Preckwinkle about what to expect with Cook County’s fiscal health. Read her preliminary budget.

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We look at how the so-called sequestration budget cuts are affecting air traffic and passengers at O'Hare and Midway airports.

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President Obama proposed a $3.77 trillion budget for 2014 that would cut deficits by $1.8 trillion over the next decade. Eddie Arruza and his guests gauge market reaction to the potential cuts.

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A month after the federal government's sequestration cuts, economists still disagree on their impact. Will 750,000 jobs be lost or 300,000? University of Chicago professors Austan Goolsbee and Steven Kaplan join us.

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Defense is one of many areas facing cuts in Congress' expected sequester. Economics professors debate what this means for your budget.

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A mixed report on the backlog of Illinois' unpaid bills is released. Carol Marin breaks down the billions with the study's author.

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Saddled with heavy debt, the Field Museum is facing painful cuts. We talk with the museum president about how the museum will adapt.

City Council Passes Emanuel’s Budget 46-3

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Ald. Sandi Jackson is a no-show as the Chicago City Council passes Mayor Rahm Emanuel's budget by a 46-3 vote. Paris Schutz has the details.

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We have both sides of the debate on the mayor's controversial proposal to have the city purchase electricity in bulk on behalf of residents.

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Chicago teachers are ramping up their strike threat as the Board of Education readies to vote on a budget. Paris Schutz has the latest on why contract negotiations are appearing to stall.

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Now that Congressman Paul Ryan has joined the Romney ticket, Ryan's controversial federal budget proposal is coming under intense scrutiny. We look at what that fiscal plan actually contains.

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The mayor says he’s cut the city’s budget deficit in half. It’s the one piece of positive news in an otherwise ominous financial forecast. Are tax hikes and spending cuts inevitable? We take a look.

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A new report blasts the Chicago Public Schools for budget mismanagement. We have the latest.

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Chicago Public Schools just released its proposed budget for next year. For many, it's a stunner, with the district planning to completely empty its bank account. We get reaction from all sides.

CPS Budget Deficit & Contract Negotiations

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Jean-Claude Brizard

With a ballooning budget deficit, angry teachers and some top administrators leaving, Chicago Public Schools CEO Jean-Claude Brizard has a lot on his plate. We talk with him about what he's facing.

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Illinois State Treasurer Dan Rutherford

One day after his "day of reckoning" budget speech, Gov. Pat Quinn tells us what he expects from state lawmakers; and Republican Illinois Treasurer Dan Rutherford joins us to share his take on the governor's plan.

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