Governor Bruce Rauner and top Republican legislative leaders are discussing a plan to declare Chicago bankrupt and take control of the city, its finances, and the Chicago public schools.


This would give control of the city, its services, its pension obligations, and its children to an aggressive new Governor with no prior public service. Rauner was a hedge fund manager before he ran for governor. He would gain the power to appoint an Emergency Manager to make cuts. Rainer is known as an advocate for charters and privatization.