For the last three years, DC Public School teachers and the school district have operated without a current contract. Rhetoric has waxed and waned on both sides, tensions have run high, and this morning at 11am, along with Mayor Fenty and the AFT’s Randi Weingarten, Michelle Rhee and George Parker will announce the new deal. The City Paper had the story first, and then The Post last night had the highlights of the deal which runs through 2012. Any deal will need to be reviewed and approved by Union members and the City Council. Most interestingly? $65M of the deal is funded through private sources.