08/12/2012 05:15 pm ET Updated Oct 12, 2012

Bud Billiken Parade Highlights Chicago's Youth

Chicagoans are celebrating back to school in this year's Bud Billiken Parade and Picnic. It kicks off on the city's south side on Saturday.

The 83rd annual parade is the second largest in the U.S. It features local drill teams and bands on colorful floats, along with celebrities and politicians. President Barack Obama was expected to lead this year's celebration, but his campaign recently pulled the plug.