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Chicago Mayor Rahm Emanuel speaks at a news conference Wednesday, July 1, 2015, in Chicago. Chicago Mayor Rahm Emanuel says the nation’s third-largest school district is making $200 million in cuts that won’t affect schools opening on time or class size. The reductions detailed at a Wednesday news conference come after the district paid a $634 million pension bill that district officials said it couldn't afford. (AP Photo/Christian K. Lee)

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