SUMMARY: Texas has passed House Bill 1056, signed by Gov. Greg Abbott, allowing use of gold and silver stored in the Texas Bullion Depository for everyday purchases via debit cards and mobile apps. The phased rollout begins September 2026, with full operation by May 2027. Supporters argue it protects against inflation and honors constitutional money principles, while tech demonstrations show merchants incur no extra costs. However, concerns about federal constitutional conflicts were raised, as only the U.S. can coin money. Similar laws exist in Arkansas, Florida, Missouri, and other states, but Texas’ law uniquely includes electronic payment infrastructure for practical use.

Read the full article

The post Gold, silver become legal tender in Texas under new law appeared first on www.kxan.com

SUMMARY: After days of torrential rain in Central Texas, floodwaters have started to recede, but rescue efforts continue amid widespread devastation. Over 50 people have died, with dozens still missing across multiple counties. Kerr County reports 43 deaths including 15 children, with 27 missing. Travis County confirms 4 deaths and 10-13 missing; Burnet County has 3 deaths and ongoing searches for a missing fire chief. Williamson County has missing persons and evacuations. Flood operations are active at several dams, and a watercraft ban is in place in Austin waterways. Local disaster declarations and boil water notices are issued as recovery efforts persist.

Read the full article

The post LIVE BLOG: Rain continues in Central Texas after 'catastrophic' flood event appeared first on www.kxan.com

SUMMARY: Floodwaters from the Guadalupe River devastated Hunt early on July 4th with no warning, flattening buildings and overturning gas pumps. The historic Hunt store, a beloved local fixture since at least 1914, was severely damaged. Owner Hayley Lehman and her 10-year-old daughter Stella, who lives in the apartment above the store, narrowly escaped by climbing to the rooftop, awaiting rescue through the night. The flood caused immense grief, including the loss of a friend or relative to a fifth grader Stella. Rescue efforts continue nearby as the community mourns, clings to hope, and faces challenges like displaced livestock and damaged roads.

One of the hardest-hit landmarks was the Hunt Store, a local fixture that’s stood for more than a century.

Source