Hutchison urges Perry to call special session on school funding
Senator Kay Bailey Hutchison urged Governor Rick Perry to convene a special session to address education funding and property tax relief after a 140 day legislative session ended without full school finance reform. Hutchison signaled a gubernatorial bid in 2006 while noting the need for leadership and a teacher pay raise.
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Perry
Austin
Kay Bailey Hutchison
Rick Perry
Federal Appeals Court
Priscilla Owen
State House
Senate
Texas
Kathy Walt
Walt
Associated Press
Harry Cablock
Failure to fix school funding fuels plaintiffs' suit
A Texas Supreme Court case hears arguments from about 300 school districts challenging the state's school finance system. Attorneys say the Legislature's failure to replace the system supports claims that funding is inadequate and unconstitutional, with the court set to hear next month as lawmakers remain at an impasse on a plan.
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Texas Supreme Court
Texas House
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Supreme Court
Dallas
George Bramblett Jr
Oil prices dip below 55 a barrel in cautious trading
Crude futures fell about a dollar as profit taking followed last week’s rally. Analysts note gains defy fundamentals while traders eye potential fourth quarter heating oil constraints and Gulf of Mexico hurricane risk. July light sweet at 54.05. Brent at 53.70.
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Stocks drift higher on light news and merger chatter
On Monday Wall Street inched up as traders stayed cautious amid a lack of economic data and earnings. Merger activity, led by Washington Mutual's deal for Providion Financial, did not spur much buying as uncertainty weighed on sentiment. Oil prices slipped from intraday highs while the bond market extended gains and the dollar softened.
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Washington Mutual Inc
Providion Financial Corp
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