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The latest economy news from The Texas Tribune.

  • TribBlog: Pitts Sees Deep Cuts Ahead

    By Ross Ramsey

    State budget writers will propose eliminating agencies, cutting others to a quarter of their current size and mandating furloughs for state employees to balance the budget without raising taxes or using the state's Rainy Day Fund, Appropriations Chairman Jim Pitts told a hometown crowd. Full Story 

    Jim Pitts (R-Waxahachie)
    Credit: Bob Daemmrich

  • Inside Intelligence: The Budget Will Be Balanced By...

    By Ross Ramsey

    For this week's installment of our non-scientific survey of political and policy insiders on issues of the moment, we focused on the budget. Specifically, we asked how big the shortfall is going to be, how the Legislature will close the gap and which areas of the budget are most likely to be cut. Full Story 

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    Credit: Graphic by Todd Wiseman

  • Holding Steady

    By Ben Philpott, KUT News

    Texas added almost 48,000 jobs from September to October this year according to the Texas Workforce Commission. Ben Philpott reports for KUT News and the Texas Tribune on the numbers below the job gains. Full Story 

    More jobs in Texas...but more people looking too.
    Credit: Ben Philpott

  • Holding Steady

    By Ben Philpott, KUT News

    Texas' unemployment rate stabilized in October at 8.1 percent as the state added almost 48,000 jobs. That rate, the lowest we've seen in 2010, is 1.5 points below the national average. Ben Philpott of KUT News and the Tribune reports on the numbers behind the gains. Full Story 

    More jobs in Texas...but more people looking too.
    Credit: Ben Philpott

  • Arlene Wohlgemuth: The TT Interview

    By Ross Ramsey

    The former budget-slashing Texas House member and current executive director of the Texas Public Policy Foundation on how she reads the mood out there, what reductions in state spending should be on the table, whether cost-shifting to local school districts is a plausible option, why lawmakers should forget about new sources of revenue, the trouble with Medicaid and what members of the Republican near-supermajority in the Legislature must do to keep the confidence of voters — and get re-elected. Full Story 

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  • The Weekly TribCast: Episode 55

    By Elise Hu

    In this week's TribCast, Evan, Ross, Elise and Ben discuss the latest in the race for House speaker, ongoing budget woes and how governing may prove a lot harder than campaigning come January. Full Story 

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  • The End of Pork?

    By Ben Philpott, KUT News

    U.S. Sen. Kay Bailey Hutchison says she will join U.S. Sen. John Cornyn in calling for a ban on all Congressional earmark spending. In the past, both used the controversial budget maneuver to funnel hundreds of millions of dollars back to Texas. Ben Philpott of KUT News and the Tribune reports. Full Story 

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    Credit: Illustration by Todd Wiseman

  • Guest Column: Put Up or Shut Up

    By Bill Ratliff

    If major-party leaders are not willing to make tough-love decisions on the ballooning national debt, and if the Tea Partiers are not willing to endorse painful measures, the American people must ask them, "Okay, what is your solution?" Full Story 

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  • TribBlog: Cuts and Caps

    By Ross Ramsey

    Lawmakers want state agencies to cut another 2 to 3 percent from their current budgets — on top of the 5 percent cuts that were already ordered. The Legislative Budget Board — comprised of members of both the House and Senate, along with the lieutenant governor and the speaker of the House — also adopted a spending cap for the next budget. Full Story 

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  • "Grandiose Cuts" to Higher Education?

    By Elise Hu

    The session hasn't started yet, but the battles have. In a heated exchange over possible cuts to higher education at a post-election debrief, Democratic consultant Matt Angle spars with Gov. Rick Perry's campaign manager, Rob Johnson. Full Story 

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  • Size Matters

    By Ross Ramsey

    How big is the state’s budget shortfall? It all depends on who's doing the math. A big number means the coming session will be all about what’s cut — what programs and services won’t be offered. A smaller one puts lawmakers in the position of deciding, in hard times, what they can add to current spending. Full Story 

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  • Majority Rules

    By Elise Hu

    Whether you call it a wave, a rout or a tsunami, one thing is clear: Republicans in the Texas House won a massive mandate for conservative bills — and budgeting — in the coming legislative session. Full Story 

  • The History of the Shuttle Program, Part Four

    By Matt Largey, KUT News

    What happens after Discovery, the next-to-last shuttle mission, blasts off Monday from Kennedy Space Center (with an Austin astronaut aboard)? For thousands of engineers and support staff at the Johnson Space Center in Clear Lake, the answer isn’t certain. Matt Largey of KUT News contemplates the impact of the transition to the next phase of NASA's mission in space. Full Story 

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