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Cuts to staffing and other initiatives are needed to balance the budget this month, CPS officials say. Johnson's plan to close the gap is unclear.
If this budget passes the Board of Education on July 25, another deficit is expected later this year once the school district reaches a contract deal with the Chicago Teachers Union.
New Jersey is also looking to buy up $10 million in residents' medical debt.
The Illinois congressman called on Biden to drop out of the presidential race in an interview on MSNBC Friday, hours before ABC aired an interview with Biden widely viewed as a litmus test for the president a week after his damaging debate performance.