Chicago Public School has appointed Chicago Board of Education Vice President Jesse Ruiz as interim CPS CEO, replacing Barbara Byrd-Bennett who is taking a paid leave of absence amidst a federal investigation of a $20.5 million no-bid contract. What are the implications of this on CPS contract negotiations with the Chicago Teachers Union? And what impact will it have on state lawmakers whose votes are needed to help close the $1.1 billion budget shortfall and resolve the $9.5 billion pension crisis? Meanwhile, Gov. Bruce Rauner says he fears the school district could be headed toward bankruptcy. Carol Marin and her panel look at the future of CPS.Joining us are CTU Vice President Jesse Sharkey, Ald. Scott Waguespack, who’s on the City Council Education Committee, Linda Lenz, publisher of Catalyst Chicago, and Chicago Sun-Times reporter Lauren FitzPatrick.

CPS CEO Takes Leave of Absence Amid Federal ProbeCPS Facing Federal Investigation, Calls For BankruptcyCPS Under Federal InvestigationCPS & CTU Begin Contract Talks