Your afternoon reading:
The University of Texas will stream President Obama's 2 p.m. speech on higher education here.
"Even as President Barack Obama flew to Texas today for high-dollar fund-raising events, the White House sought to keep him above the tumble of Texas politics." — President Obama lands in Austin, confers briefly with Gov. Perry, The Dallas Morning News
"In his brief tarmac encounter with President Obama, Gov. Rick Perry welcomed him to Texas and took the opportunity to hand a letter to the president's aide, Valerie Jarrett." — Rick Perry's border letter to the president, Trail Blazers
"After a speech in Austin, where he was greeted by Gov. Perry, the president will spend about two hours in Dallas. The route his motorcade will follow is a guarded secret." — Obama's route through Dallas this afternoon is secret, Fort Worth Star-Telegram
"BP has said it made a first payment of $3 billion into a $20 billion escrow fund it pledged in June to set aside for damage claims stemming from the Gulf oil spill." — BP starts coughing up payments for $20B Gulf fund, Houston Chronicle
New in The Texas Tribune:
"Bill White deciding to travel to points far from Austin and Dallas while President Barack Obama visits the state today to raise money and speak at the University of Texas presents us with yet another mountain-out-of-a-molehill political story in the long, hot summer of gassy coverage of the governor’s race. A look at Obama’s standing in Texas makes it clear that White would be nuts to share a stage with Obama unless he feels like doing a favor for Gov. Rick Perry’s ad team." — Obama's Numbers Justify White's Cold Shoulder
"Gov. Rick Perry's campaign has produced a star-studded web video in honor of President Barack Obama's visit to Texas." — Ads Infinitum: Rick Perry's "Yes, We Can"
"Can a $3 million marketing campaign to promote higher education change the culture of a country-sized state in which just 27 percent of the population has a college degree or certificate? It worked for cancer ..." — Education Leaders Prepare "Generation TX" for Launch
"Across Texas, hospital systems are scooping up physician groups and solo practitioners, scrambling to create the kinds of coordinated medical teams that federal health care reform puts a premium on. But some health care providers say the gold-rush-style push is an overreaction driven by fear of the unknown." — Doctors and Hospitals Team Up for Payment Reform