Barack Obama

Politics
2:58 pm
Wed February 12, 2014

With Senate's OK, Debt Limit Bill Will Head To White House

Originally published on Wed February 12, 2014 3:22 pm

The Senate has voted to extend the federal debt limit, giving final congressional approval to a bill that is meant to cover the government's finances into 2015. The measure passed on a 55-43 vote.

But the most dramatic phase of the legislation's passage came just before the final tally, when it had to get past a cloture vote. Politico says, "Texas Sen. Ted Cruz (R) demanded the 60-vote threshold on the debt hike."

As The Hill reports:

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Texas
8:41 am
Tue January 28, 2014

Texas' Income Gap Widens as Minority Populations Grow

In Texas, poverty rates among Hispanics and African Americans are about 2.5 to 3 times higher than whites.
Veronica Zaragovia, KUT

President Barack Obama delivers his State of the Union address tonight. He’s expected to make a big deal about economic mobility and reducing income inequality in the U.S.

But the challenges are substantial when it comes to narrowing the divide. Texas has the eighth highest level of income inequality,  based on 2010 Census data.

"In terms of Texas, we have a lot of upper end income inequality," says Mark Frank, an economics professor at Sam Houston State University. "We have a lot of income inequality because we have the top 1 percent or .01 percent."

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