The Chicago Teachers Union is preparing for collective bargaining talks with the city, and the union's president suggested the new terms would cost taxpayers $50 billion. “We are asking you to give us an opportunity to tell our story. It will cost $50 billion, and three cent,” CTU President Stacy Davis Gates said Tuesday at the City Club of Chicago this week, setting the stage for upcoming negotiations with the city. "And so what? That's audacity." Some media outlets reported that Gates was "joking" when citing the $50 billion figure.

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