City Council's recently appointed watchdog is looking at Chicago's most powerful alderman, and is investigating 20 more aldermen or aldermanic staff members for potential wrongdoing. We have the exclusive details.

The School Board and the union rejected a report that was originally meant to strike a compromise between Chicago Public Schools and the Chicago Teachers Union. Now, a 30-day countdown begins to a possible teacher's strike. We talk with Schools CEO Jean-Claude Brizard and a union rep about the messy path forward.

A mayoral-appointed committee outlines tough new ethics provisions. But will it really solve the issue of corruption in city government? Paris Schutz reports.

CME is being investigated after client funds go missing at MF Global. Kris Kridel of WBBM Newsradio 780 and 105.9FM joins us to discuss that, the latest unemployment report and other top business stories.

Cook County continues searching for ways to reduce its budget deficit. It's also found efficiencies with the city of Chicago that could mean millions of dollars in savings. Ash-har Quraishi has the details of today's announcement and a proposal to merge two county departments.

Kris Kridel of WBBM Newsradio 780 joins us to discuss today's plunging markets, a dismal jobs report, debt fears in Europe and more.