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President Michael Schill is one of three university leaders to face harsh questions and criticism from House Republicans today.
Red Lobster said it will use the bankruptcy proceedings to simplify its operations, close restaurants and pursue a sale.
The Wall Street Journal said the sale could fetch between $3 billion to $5 billion.
Chicago residents are divided over whether parents should be able to choose a school other than the one in their neighborhood, and two-thirds think the priority should be on funding the local school.