Chicago Public Schools CEO said she is open to changes in the district’s disputed 2026 budget plan, which faces a pivotal school board vote amid divisions between the mayor, teachers’ union, and district leaders.

Chicago

The Chicago Board of Education is preparing for a key vote on the Chicago Public Schools (CPS) budget, which aims to close a $734 million gap through cuts, a pension payment shift, and anticipated surplus funds. The budget has sparked disagreement between Mayor Johnson, the Chicago Teachers Union, and their allies, who oppose the plan and advocate for including a pension payment and a short-term loan, while CPS leadership warns this could worsen debt.

Interim CPS CEO Macklin King has expressed openness to modifying the budget if the board decides on a different approach. The board's current division may be influenced by the recent appointment of Angel Velez, potentially shifting the vote. City council members have urged approval of the budget, citing concerns for students and workers, while the possibility of an amended budget remains if consensus is not reached.

CPS chief signals flexibility on budget plan before key vote

Johnson picked someone to fill the seat on the Chicago Board of Education that's been empty for two months. Angel Velez is diversity and equity and inclusion consultant from West Inglewood. That's according to WBEZ. Now this happened right before the big vote on CPS's budget. And political reporter Paris Schatz joining us in the studio on how this standoff could potentially lead to schools shutting down. Paris? Well, Terrence, this is coming down to the wire. The behind-the-scenes lobbying is at a head right now. Mayor Johnson, the Chicago Teachers Union, and their allies on the Board of Education find themselves at odds with CPS leadership. The political ads are already flying. This one from the Chicago Teachers Union attacks the elected school board members who support the budget and oppose new borrowing, claiming falsely that it will lead to mid-year cuts. This one from a political action group called Common Ground Collective claims the mayoral appointed members are, quote, selling out CPS. It all comes ahead of tomorrow's vote to either affirm or reject the CPS budget that closes a $734 million gap with cuts, pushing a $175 million pension payment onto the city and anticipates $400 million in TIFF surplus funds. Mayor Johnson, the CTU, and their appointed board members oppose the budget, saying it should include the pension payment and the short-term loan. CPS leaders have called that approach reckless and one that could lead to a downward spiral of debt and interest. As it stands, 10 members oppose, 9 support, with a new board member expected to be appointed who would conceivably give the mayor one more vote. Today, more than half of city council signed a letter calling on the board to approve the budget, saying, quote, our workers and students will ultimately pay the short-term cost of these willfully reckless financial decisions, but the pain will be felt by Chicago's children. And today, interim CEO Macklin King says a shutdown is unprecedented, and if changes have to be made to the budget, she's open. I stand by the budget that I proposed. However, again, if board members decide to go in a different path, I will, you know, accept that and work with the board and the district to implement the budget that's passed. Meanwhile, last night, Mayor Johnson pushed back on the critics, saying previous CPS leaders took on even greater borrowing. These individuals were reckless. Let's call it like it is. When you put a black man in charge of a city, all of a sudden, everybody wants to be in that position. A school board meets tomorrow afternoon to swear in that new board member and then vote on the budget. It's unclear what happens if they don't agree. There's some indication that there could be an amended budget to prevent any kind of school shutdown. We're going to find out more tonight on Paris in Politics. Sylvia and Terrence, as we'll have more from Dr. King, the CEO there, and then some school board members to explain all of this to us. All right, Terrence. Thank you.

It's been 13 days since President Trump said he could strike a peace deal in Ukraine, following his meeting with Russia's leader, Vladimir Putin. But Russia shows no signs of backing down, launching an aerial assault on Kyiv.

Kyiv

Ukraine Invasion

Russian attack on Kyiv kills more than a dozen people

The shooter in Minneapolis fired more than 100 rounds from a rifle at the church where students at Annunciation Catholic School attended Mass. City and state officials highlighted this fact as they called for stricter gun control.

Minneapolis

Minneapolis officials call for stronger gun laws after school shooting

The shooter who killed 2 kids and injured 17 at Annunciation Catholic Church in Minneapolis had ties to the church where he targeted children celebrating a new school year during mass.

Annunciation school shooter had knowledge of church he targeted

The White House is responding to Centers for Disease Control and Prevention Director Dr. Susan Monarez's refusal to step down from her role. CBS News' Olivia Rinaldi reports.

Washington

White House reacts to CDC director refusing to step down from role

In Tehran on Thursday, Iran’s currency traded at over 1 million to $1. At the time of the 2015 accord, it traded at 32,000 to $1, showing the currency’s precipitous collapse in the time since.

Tehran

Europe prepares sanctions as Iran's currency falls

Two children, ages 8 and 10, were killed in a school shooting at Annunciation Church in Minneapolis. The FBI is investigating the shooting as an act of terrorism and a hate crime targeting Catholics. Warning, this video is difficult to watch.

FBI investigating Minneapolis Catholic school shooting as hate crime

UN officials and aid agencies have warned that famine in Gaza is no longer a looming threat but a present reality, with children increasingly dying of hunger. In a blunt address to the UN Security Council, officials described the famine and widespread hunger in the enclave as “engineered” and “man-made” disasters.

New York

Middle East Conflict

UN Security Council affirms Gaza famine is manmade

Denmark summoned the top U.S. diplomat in the country to protest what Danish officials say is an unprecedented effort by people close to U.S. President Donald Trump to conduct secret influence operations in Greenland.

Copenhagen

Denmark accuses U.S. of covert operations in Greenland

Two young children were killed, and 17 others were injured in a shooting during a Catholic Mass packed with young students in Minneapolis. The gunman is also dead.

Minneapolis Catholic school shooting leaves two children dead

The group is accused of attempting to infiltrate Greenlandic society, including allegedly recruiting locals for a new independence movement from Denmark, according to the Danish public broadcaster, DR, who was first to break the story.

Nuuk

Denmark summons U.S envoy over claimed interference in Greenland

SpaceX on Tuesday launched its Super Heavy-Starship, the most powerful rocket in the world, for a test flight after three other flights failed earlier this year. NASA hired SpaceX to build a lunar lander version of Starship to carry astronauts to the moon.

Starbase

SpaceX launches Super Heavy-Starship in test flight

The United States has doubled tariffs on many imports from India to 50 percent, as U.S. President Donald Trump followed through on his threat to punish New Delhi for buying discounted Russian oil.

New Delhi

Global Tariffs

U.S. raises India tariffs to 50 percent over Russian oil purchases

President Donald Trump said he would seek the death penalty for murders in Washington, as part of a crackdown on what he calls out-of-control crime in the US capital.

Trump endorses death penalty return in Washington D.C.

As the Israeli military gives an initial assessment of deadly strikes on a Gaza hospital, hundreds of thousands of protesters urged Prime Minister Benjamin Netanyahu to accept a ceasefire with Hamas in exchange for a hostage deal.

Tel Aviv-Yafo

Protesters urge Netanyahu to reach hostage deal

Cracker Barrel says it will go back to its old logo after facing intense backlash and seeing its company value to sink by nearly $100 million after switching to a new design last week. In a statement, Cracker Barrel thanked their guests for sharing their voices.

Cracker Barrel scrapping new logo, returning to old one after backlash

The small West Tennessee town of Mason, just 2 square miles in size, is home to about 1,000 people. But its residents are now divided by what a new immigration detention facility will mean for the area.

Mason

Small Tennessee town divided over new ICE detention facility

A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements.

Trump clashes with Fed board member Lisa Cook, pushing to oust her

Protesters demanding an end to the Gaza war and the return of hostages to their homes took to the streets in Israel on Tuesday ahead of a security cabinet meeting scheduled for the evening.

Israeli protesters demand hostage deal as cabinet set to meet

Australia accused Iran on Tuesday (August 26) of executing two antisemitic arson attacks in the cities of Sydney and Melbourne and gave Tehran's ambassador seven days to leave the country, its first such expulsion since World War Two.

Council of the City of Sydney

Australia expels Iranian envoy over antisemitic attacks

President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook, the only Black woman to serve on the board. Critics call it an attack on the Fed's independence, while Cook says no legal cause exists for her firing.

Trump says he fired Lisa Cook from Federal Reserve board

U.S. President Donald Trump signed an executive order creating new National Guard units, including a rapid-response force to handle what the administration calls civil disturbances.

White House authorizes creation of rapid-response National Guard units

Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas, accusing them of illegally conspiring to thwart competition for artificial intelligence.

Texas

Rise of AI

Elon Musk's xAI sues Apple, OpenAI over competition claims

Strikes on the Nasser hospital in Gaza that left at least 20 people dead, including rescuers, journalists and health-care workers are being met with global outrage. The Israeli military is investigating what Israel Prime Minister Benjamin Netnayahu called a ‘tragic mishap.’

Israeli PM calls deadly strikes on Gaza hospital a ‘tragic mishap’

Kilmar Abrego Garcia is back in ICE custody and is facing deportation to Uganda, the Department of Homeland Security says, after he was released from criminal custody last week.

Baltimore

Abrego Garcia in ICE custody, court blocks immediate deportation

Ukrainian President Volodymyr Zelenskyy said he will meet with the U.S. and other countries this week to discuss a potential meeting with Russian President Vladimir Putin aimed at reaching a ceasefire.

Zelenskiy say he will meet with U.S., others on potential Putin talks

U.S. President Donald Trump says Chicago could be the next city to see National Guard deployment, sparking strong opposition from Mayor Brandon Johnson and Governor JB Pritzker, who argue crime is already falling and federal intervention is unnecessary.

Trump threatens to send National Guard troops to Chicago

Four journalists working with Reuters, Al Jazeera and others were killed in explosions at a Gaza hospital. Gaza officials blame Israeli drone strikes, though CBS News has not independently verified the claims.

Jerusalem

Four journalists reported dead after Gaza hospital blasts

U.S. National Guard troops patrolling the streets of Washington D.C. as part of what President Donald Trump said was his crackdown on crime began carrying weapons on Sunday night, two officials said.

Breakdown