Chicago Public Schools students could see their teachers on the picket lines sooner than expected, as the district announces how many employees are being laid off today.

Chicago teachers took to the streets Thursday to protest $100 million in new cuts being made by the financially troubled Chicago Public Schools that is struggling to close a $480 million budget gap.

Chicago Public Schools CEO Forrest Claypool on Wednesday spoke passionately about the need for education funding reform, calling the current system by which CPS is funded "separate but unequal." Watch our full interview.

Just a day after the Chicago Teachers Union rejected the school board's latest contract offer, Chicago Public Schools is announcing cuts. CEO Forrest Claypool says the district is still working to avoid teacher layoffs, but some staffers will lose their jobs in order for the district to save money.

The Chicago Teachers Union is fighting mad and pursuing legal action to strike immediately. We get the latest from CTU vice president Jesse Sharkey.

Earlier this evening, the union announced a possible breakthrough in contract talks after the day's bargaining session wrapped up.

Chicago teachers begin steps toward another possible teachers strike, as Chicago Public Schools announce big layoffs on the horizon.