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It has already cut its school year short and is now warning of hundreds of layoffs. Chicago State University's chancellor says the school is in shock because the state budget stalemate has starved it of funding. But is the 150-year-old school in danger of closing? 

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Like a planet drifting into a black hole, the state’s unprecedented political stalemate over the budget is increasingly sucking public education into financial uncertainty. State lawmakers discuss the fight over public education and Gov. Bruce Rauner's budget ultimatum.

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Amid the budget stalemate, many public universities have been operating without funding from the state. Chicago State University has gone most of the fiscal year without a third of its budget. CSU President Thomas Calhoun Jr. tells us what's at stake.

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Chicago State University is no stranger to fiscal dramas and failures. Now the Board wants to boot the university’s latest president, Wayne Watson. But Watson is fighting back. He joins us to share his side of the story.

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