economy | KERA News


Gasoline prices are on the rise again. AAA-Texas says the average statewide price is six cents higher than last week. KERA’s BJ Austin says some energy analysts predict four-dollar-a-gallon gas by spring.

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Financial analysts say shoppers scouting for day-after Christmas bargains could put retailers on the road to a record-breaking holiday shopping season. KERA’s Jacqueline Fellows reports.

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Dallas-based telecom giant AT&T has pulled the plug on its $39 billion acquisition of T-Mobile USA, the company said Monday.  

For more than 100 years, a "marriage" between the city of Dallas and the State Fair of Texas has kept Fair Park going. But, it's not a marriage of equals. In this instance, one has money, one doesn't. KERA's BJ Austin says another couple is now at the center of the Fair Park/State Fair union -- and working to manage the "family finances."

State of Texas

The Texas Comptroller says the economic recovery is taking hold, producing higher than expected tax revenues.

State Comptroller Susan Combs said that could lead to a $1.6 billion budget surplus for the fiscal biennium ending in 2013. According to data she released Monday to the Legislature, the state is on track to collect $82.7 billion over the next two years. The 2012-2013 budget is only $81.1 billion.

In the last two budget cycles, lawmakers were forced to slash government spending to make up for budget deficits and tap the Rainy Day Fund.

Dallas, TX – Texas House Speaker Joe Straus says his top priority for the next legislative session is the economy. KERA's Jacqueline Fellows reports.

The San Antonio Republican told the Richardson Chamber of Commerce Thursday that he specifically wants to attract more manufacturers to the state.

Dallas, TX – If you're facing foreclosure you're more likely to get help from a bank than a federal loan program. That's according to former Dallas Mayor Steve Bartlett who now heads a private bankers group working to keep homes out of foreclosure. KERA's Jacqueline Fellows reports.

Dallas, TX – The Omni Convention Center Hotel opens in downtown Dallas Friday. There are high hopes for the 500 million dollar, city-owned hotel because if it falters, taxpayers pick up the tab. KERA's BJ Austin reports.

Omni Convention Center Hotel General Manager Nils Stolzlechner oversees every detail of the 23-story, state-of-the-art hotel: from the lobby ---

Stolzlechner: We've got Egyptian marble that you're looking at.

To the sports bar.

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Dallas, TX – Many Texans believe the biggest issues facing the country are different than those facing Texas. That's the result of a statewide poll conducted by the University of Texas and the Texas Tribune. KERA's Shelley Kofler takes a look.

Texas voters identified the economy and unemployment as the most important problems facing the country, but said in Texas immigration is the biggest concern.

Dallas, TX – A group of seniors rallied at Congressman Jeb Hensarling's Dallas office today. They had a simple message; cutting senior benefits won't fix the deficit. KERA's Courtney Collins reports.

"Mr. Garcia, I brought some more petitions and postcards for Mr. Hensarling."

Some two dozen members of the Texas Alliance for Retired Americans trooped up to Representative Jeb Hensarling's office to speak out against cuts to Social Security, Medicare and Medicaid.

Dallas, TX – Texas added more than 15,000 jobs in September but unemployment is still higher than a year ago. KERA's Shelley Kofler has more on why.

In the past year more than 188,000 additional workers have joined the Texas labor force. So while there's been a gain in new jobs, there's also been an increase in the number looking but unable to land a position. That's resulted in the unemployment rate rising from 8 percent to 8.5 percent.

Dallas, TX – A laid-off Dallas teacher shared the stage with President Barack Obama Tuesday as he lobbied for his jobs bill at Eastfield College in Mesquite.

Dallas social studies teacher Kimberly Russell lost her job when state budget cuts triggered teacher layoffs. She put a face on unemployment as she endorsed the President's plan.

Russell: I'm hoping Congress will pass the American Jobs Act to help teachers like me get back to work soon.