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Rauner, schools play blame game as CPS takes out costly $275M loan

June 20, 2017

On Monday, Chicago Public Schools (CPS) closed an expensive deal to borrow cash which is needed to scrape through June and to pay out teacher pensions. Officials purchased $275 million in "grant anticipation notes," a short-term loan, from JPMorgan. Brian Battle commented on the news and the relationship between CPS and JPMorgan.

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