Bitcoin soars on hopes of bitcoin strategic reserve. Here’s how it would work.

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(NEW YORK) -- The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve akin to its strategic oil reserve.

The world’s largest cryptocurrency has seen its price climb more than 50% since the election of Trump, who voiced support for bitcoin on the campaign trail.

Proponents of a potential government stockpile of bitcoin say it could diversify the nation’s financial holdings and prevent other countries from dominating the ascendant digital currency market. Critics warn, however, that the highly volatile asset lacks the type of financial or national security import that would warrant a strategic reserve.

Here’s what to know about a U.S. bitcoin strategic reserve, according to experts:

How would a bitcoin strategic reserve work?

A U.S. bitcoin strategic reserve would amount to a substantial government holding of bitcoin similar to the country’s stockpile of oil or gold.

A strategic reserve typically acts as a safeguard against an emergency shortage or another sudden event that would require the government to draw upon its stockpile of a given asset.

For instance, the strategic petroleum reserve, or SPR, was established after the Arab Oil Embargo triggered an energy crisis in the early 1970s with devastating consequences for the U.S. economy. The SPR, in turn, provides an emergency source of oil that protects the U.S. against a sudden supply crunch.

A bitcoin strategic reserve would help ensure the U.S. plays a significant role in the cryptocurrency market, which supporters view as a fast-growing part of the global financial system, Nik Bhatia, a professor of finance and business economics at the University of Southern California who studies cryptocurrency, told ABC News.

“Bitcoin has now become the largest decentralized asset in human history,” Bhatia said.

“Having some ownership in the network would be natural for the U.S. given its leadership in technology,” Bhatia added, citing the nation’s role in the invention of the internet.

What are the benefits and drawbacks of a bitcoin strategic reserve?

Speaking at a pro-bitcoin conference in July, Trump said a U.S. bitcoin strategic reserve would ensure the country exerts influence over bitcoin and prevents China from controlling the digital currency market.

Supporters of a bitcoin strategic reserve also say the asset would help diversify the nation’s financial holdings, protecting it from the potential decline in value of other assets, such as the U.S. dollar or gold.

Some proponents have said bitcoin holdings could help the U.S. pay down its national debt, since the price of bitcoin has recently climbed.

“While U.S. adversaries acquire traditional gold from a position of relative financial weakness, the U.S. can countermove by stockpiling digital gold in a way that amplifies its incumbent financial strength,” the Bitcoin Policy Institute, a nonpartisan think tank that supports a bitcoin strategic reserve, said earlier this year.

Some critics say bitcoin, launched 15 years ago, remains a relatively new asset lacking the kind of social utility or financial import that would necessitate a strategic reserve.

“You’re going to be hard pressed to say someone needs bitcoin the day-to-day way that they need petroleum,” Ananya Kumar, deputy director for future of money at the GeoEconomics Center, a part of the nonpartisan Atlantic Council, told ABC News.

Since the price of bitcoin is highly volatile, a large purchase of the asset could end up threatening the nation’s financial stability rather than safeguarding it, some critics say.

When asked about forecasts of future bitcoin gains that could ease the nation’s debt, Kumar says the long-term outlook for bitcoin remains uncertain. “The coin’s price has obviously been rising over time, but I’m not sure if that rise will continue,” Kumar said.

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Border facilities for migrant children are improving but still need work

McALLEN, Texas (AP) — The U.S. still separates some migrant children from parents while holding them after they cross the border despite broad improvements at detention centers in Texas, according to a court-ordered monitor’s final report.

The heightened scrutiny of the Border Patrol’s Texas holding facilities is part of broader court-appointed oversight, which President-elect Donald Trump and his allies have criticized.

The report, issued Friday under a monitoring agreement that began in 2022, offers a final glimpse into conditions inside the facilities ahead of Trump’s return to office. The report noted improvements to hygiene, food and medical care but found that U.S. Customs and Border Patrol agents routinely separated children from adult relatives during their time in custody.

Unlike separations that happened under Trump’s zero tolerance border policy during his first term, those noted in the report were temporary and did not involve sending adults to Immigration and Customs Enforcement detention while they were criminally prosecuted and children to shelters for minors.

At a facility in Donna, Texas, in September, agents “continued to routinely hold children separately from parents or trusted adults,” the report said. By November, the monitor called regular visits among family at the same facility “encouraging.” Workers at the facility said they could arrange visits because it was no longer overcrowded.

CBP said they issued new guidance on family unity and increased training on detention policies, guidelines and regulations.

“Over the past two years, CBP has undertaken extensive measures to significantly expand and enhance its support efforts in both scope and scale for persons in custody, especially vulnerable populations such as children,” the agency said in a statement.

Advocates sued the Trump administration in 2019, citing reports of children in federal custody who described overcrowding at CBP facilities in Texas, as well as unsafe and unsanitary conditions. That year, nearly 70,000 migrant children entered federal custody, enough to exceed the of capacity a typical NFL stadium.

A 2022 court agreement created a temporary monitoring system that required CBP to provide adequate medical care and supervision. It also required keeping families together or allowing contact for those held separately in custody.

Last week’s report noted medical care improved in 2024 but also found hesitancy in sending sick children to a medical facility. In 2023, when CBP was struggling with overcrowding, an 8-year-old girl with heart problems died while in custody in the Rio Grande Valley.

The monitoring agreement ends Jan. 29, 2025, more than a week into Trump’s second administration. Leecia Welch, the deputy litigation director at Children’s Rights who represents children in CBP custody under the Flores settlement, expressed concern about what will happen to children without the agreement’s oversight.

“The report highlights the crucial role the independent monitors are playing to keep children safe and shows that CBP is very far from meeting its obligations — let alone ready for self-monitoring,” Welch said in a written statement.

Broader court oversight of facilities began in 1997 under what is called the Flores settlement, after Jenny Flores, a girl from El Salvador who sued the U.S. government in the 1980s. It was partially lifted in June when the Justice Department argued that new safeguards would in some ways exceed the Flores settlement’s standards.

Texas lawmakers issue new subpoena for Roberson’s testimony

Texas lawmakers issue new subpoena for Roberson’s testimonyHOUSTON (AP) — A bipartisan group of Texas lawmakers announced Tuesday they had issued a new subpoena that would require the state’s prison system to allow death row inmate Robert Roberson to testify in person this week about the state’s junk science law. An earlier subpoena ended up delaying Roberson’s Oct. 17 execution, which had been set to be the first in the U.S. tied to a diagnosis of shaken baby syndrome.

The House Committee on Criminal Jurisprudence announced it had issued last week and served on Monday a subpoena compelling Roberson to appear before it at a meeting in Austin on Friday. Continue reading Texas lawmakers issue new subpoena for Roberson’s testimony

Texas jailer dies after being assaulted by confined man, sheriff says

WAXAHACHIE, Texas (AP) — A Texas man being held in jail fatally assaulted a detention officer who was returning him to his cell following the one hour he was allowed out of his lockup each day, a sheriff said Tuesday.

Isaiah Patrick Bias, a 28-year-old who worked at the Ellis County Sheriff’s Office for over six years, was assaulted Monday afternoon at the county jail in Waxahachie, south of Dallas. Sheriff Brad Norman said during a Tuesday news conference that Arron Semeion Thompson, 45, from nearby Ennis, has been charged with capital murder in Bias’ death.

“Most of the time, law enforcement officers and detention officers deal with good folks having a bad day. Occasionally, we deal with bad folks,” Norman said. “I can honestly say that my staff, over the last day, has dealt with pure evil.”

Norman said Bias was a family-oriented person and beloved by colleagues.

“He was one of the kind of guys who if you needed help, he’d come help you,” Norman said.

Officials said Thompson has been in jail since last month on charges of assaulting a public servant, public intoxication and evading arrest.

Thompson’s bond in Bias’ death was set at $2 million. Jail records did not list an attorney for him.

Norman said the Texas Rangers will investigate.

Identities released following fatal wreck in Tyler

Identities released following fatal wreck in TylerTYLER — Two people have died following a Tuesday afternoon multi-vehicle wreck involving an 18-wheeler on Loop 323, the Tyler Police Department said. Tyler PD’s Public Information Officer Andy Erbaugh said at around 1 p.m., the police department was dispatched to a multi-vehicle wreck at West Elm Street and SSW Loop 323. According to our news partner KETK, a A preliminary investigation shows that a GMC SUV was on Elm Street on the west side of the Loop and was attempting to turn north on the Loop but pulled in front of a southbound 18-wheeler that struck the GMC.

The crash pushed both vehicles into the northbound lanes and caused three vehicles that were in the northbound turn lane to be hit. Officer Erbaugh said both occupants of the GMC died at the scene and have since been identified as William Connerly, 82, and Shirley Connerly, 79, both of Kerens. Their next of kin have been notified. Continue reading Identities released following fatal wreck in Tyler

Lawmaker wants to address increasing homeowner insurance rates

DALLAS – WFAA reports that homeowners insurance premiums are currently increasing at a faster rate in Texas than in any other state. Many people are urging lawmakers to address the rising costs during next year’s legislative session. State Representative Briscoe Cain, a Republican from Deer Park in Harris County, stated that he has received feedback from constituents who have shared their concerns. “I can certainly tell you and the people of Texas that we’ve heard your voices. We’ve heard your concerns,” said Rep. Cain. Rep. Cain acknowledges that he doesn’t have a solution, but believes this issue requires lawmakers’ attention. “I fully empathize with it. It is troubling. We’re seeing it nationally, but what are the answers? I’m not sure. And that’s something that the legislature is gonna have to study. So, the next legislature must act and I’m glad we’re gonna be starting to do that in January,” Cain said.

Rep. Cain stated that the complaints he receives about high insurance premiums are similar to those regarding property tax rates. Constituents express concern that these high premiums could lead to them losing their homes. “I’m not sure how we lower them. Things have gotten more expensive as well. The cost of replacing things has gotten more expensive. And so, we need to look at whether we can allow people to offer plans that only, maybe, replace certain things. There are some great plans out there for home homeowners’ insurance … we have to look into it and see how we can allow people to get different level plans or how we can allow more people to even come into the marketplace,” Cain said. In Texas, insurance companies are only required to notify the Texas Department of Insurance before increasing their rates. Afterward, they send the bill for the rate increase to the insured.

Americans’ trust in nation’s court system hits record low

WASHINGTON (AP) — At a time of heightened political division, Americans’ confidence in their country’s judicial system and courts dropped to a record low of 35% this year, according to a new Gallup poll.

The United States saw a sharp drop of 24 percentage points over the last four years, setting the country apart from other wealthy nations where most people on average still express trust in their systems.

The results come after a tumultuous period that included the overturning of the nationwide right to abortion, the indictment of former President Donald Trump and the subsequent withdrawal of federal charges, and his attacks on the integrity of the judicial system.

The drop wasn’t limited to one end of the political spectrum. Confidence dropped among people who disapproved of the country’s leadership during Joe Biden’s presidency and among those who approved, according to Gallup. The respondents weren’t asked about their party affiliations.

It’s become normal for people who disapprove of the country’s leadership to also lose at least some confidence in the court system. Still, the 17-point drop recorded among that group under Biden was precipitous, and the cases filed against Trump were likely factors, Gallup said.

Among those who did approve of the country’s leadership, there was an 18-point decline between 2023 and 2024, possibly reflecting dissatisfaction with court rulings favoring Trump, Gallup found. Confidence in the judicial system had been above 60% among that group during the first three years of Biden’s presidency but nosedived this year.

Trump had faced four criminal indictments this year, but only a hush-money case in New York ended with a trial and conviction before he won the presidential race.

Since then, special counsel Jack Smith has ended his two federal cases, which pertained to Trump’s efforts to overturn his 2020 election loss and allegations that he hoarded classified documents at his Mar-a-Lago estate in Florida. A separate state election interference case in Fulton County, Georgia, is largely on hold. Trump denies wrongdoing in all.

Other Gallup findings have shown that Democrats’ confidence in the Supreme Court dropped by 25 points between 2021 and 2022, the year the justices overturned constitutional protections for abortion. Their trust climbed a bit, to 34%, in 2023, but dropped again to 24% in 2024. The change comes after a Supreme Court opinion that Trump and other former presidents have broad immunity from criminal prosecution.

Trust in the court among Republicans, by contrast, reached 71% in 2024.

The judicial system more broadly also lost public confidence more quickly than many other U.S. institutions over the last four years. Confidence in the federal government, for example, also declined to 26%. That was a 20-point drop — not as steep as the decline in confidence in the courts.

The trust drop is also steep compared with other countries around the world. Only a handful of other countries have seen larger drops during a four-year period. They include a 46-point drop in Myanmar during the period that overlapped the return of military rule in 2021, a 35-point drop in Venezuela amid deep economic and political turmoil from 2012 to 2016 and a 28-point drop in Syria in the runup and early years of its civil war.

The survey was based on telephone interviews with a random sample of 1,000 U.S. adults between June 28 and August 1.

Growing oil industry support for methane reduction rule could help it survive Trump’s return

ARLINGTON, Texas (AP) — From the street they’re easy to miss. But in the self-proclaimed “American Dream City” — famous for its roller coasters and sport stadiums — residents know where to spot them. Oil and gas wells and compressor stations are tucked in between houses, schools, businesses and strip malls, woven into daily life.

And at times, methane, a potent greenhouse gas that contributes to climate change by trapping heat in the atmosphere, escapes from the equipment. Often, the methane comes out with other chemicals, including volatile organic compounds that contribute to smog formation, creating a cocktail of chemicals that are harmful to human health.

Earlier this year, a long-anticipated federal climate rule was finalized requiring oil and gas operators to dramatically reduce how much methane is released in many oil fields, including those in Texas.

The rule, written with input from industry, calls for operators to identify and fix equipment leaking methane and curb the practice of flaring — or burning off excess natural gas. Under the rule, operators will have to monitor emissions, wasteful flaring and leaks from most existing and new well sites.

States are now on a timeline to submit plans to the U.S. Environmental Protection Agency detailing how they will implement the rule. Texas regulators are taking input from the public on the state plan until Dec. 31.

Some residents in Arlington, home to about 400 gas wells and 50 drilling sites, want the Texas Commission on Environmental Quality to do more than the bare minimum outlined in the EPA’s guidelines and submit a plan before President-elect Donald Trump assumes office.

Trump reversed a methane reduction rule during his first term. Experts say rolling back the current rule would take years, and support from industry for the rule might help keep it in place.

At a public meeting last month in Arlington, Texas environmental regulators heard from more than a dozen residents about the proposed rule. One woman with severe asthma said “air quality is a life or death issue,” and asked state regulators to prioritize the health of citizens over economic interests. One man pointed out that oil and gas equipment sits close to schools and day care centers and called on regulators for speedy implementation of the rule to protect people from the health risks of urban fracking.

“The flares are not fun, smelling the rotten eggs is not fun,” Rogelio Meixueiro, who lives in Arlington and is a member of the nonprofit organization Sunrise Tarrant, told TCEQ regulators. “I can only trust that you’re going to do your job. I can only trust that you’re going to do everything possible to reduce methane emissions.”

Fracking in Arlington can be traced back two decades, when drillers discovered they could use horizontal drilling to access natural gas in the Barnett Shale formation underneath the city. Today in Tarrant County, which includes Arlington, more than 1 million people live within one half mile of a gas well, according to data from the local environmental group Liveable Arlington. The group’s organizers say that oil and gas air pollution disproportionately impacts many low-income communities of color.

Nearby cities have tried and failed to ban fracking. Roughly a decade ago, Denton, located about 45 miles north of Arlington, voted to prohibit fracking within city limits. The local ordinance was swiftly overturned by the state Legislature, which passed a law barring cities and towns across Texas from imposing such bans.

According to several studies, living near oil and gas wells is linked to an increased risk of cardiovascular disease, impaired lung function, anxiety, depression, preterm birth and impaired fetal growth, primarily due to air pollution from the wells.

“(For years) we’ve been getting complaints from neighborhoods about smells, odors, headaches, sickness and what to do about it,” said Ranjana Bhandari, founder and executive director of Liveable Arlington. “Often we don’t have a remedy.”
What does the rule do?

Methane, a primary component of natural gas, accounts for about 16% of global emissions. Because methane lasts in the atmosphere for a few decades rather than a few centuries, reducing emissions would help moderate global temperatures more quickly.

Most of the methane emissions in the U.S. come from the energy sector — especially those in Texas, the nation’s largest oil and gas producing state.

Last year, Texas broke a record by producing 42% of the nation’s oil. Most of the state’s oil comes from the Permian Basin, a 75,000-square-mile region that stretches from eastern New Mexico and covers most of West Texas. The Permian Basin generates 1.4 million metric tons of methane each year — enough gas to meet the annual gas needs of nearly 2 million homes, according to the Environmental Defense Fund.

Currently, Texas doesn’t have a rule to capture escaping methane emissions from energy infrastructure. The state’s implementation of the EPA rule could change that.

The regulations are broken in two parts: one for new equipment constructed or modified after December 2022, and another for existing equipment. Most of Texas’ oil and gas equipment are existing methane sources.

A major component of the proposed state rule is tackling leaks from equipment failures, which are the largest source of methane pollution from oil and gas operations.

Operators will be tasked with inspecting their sites for leaks using handheld gas-imaging cameras or other technologies, which need to be approved by the EPA, to identify what equipment needs to be repaired or replaced. Gas wells will also need to be monitored for leaks until they are closed and plugged.

Oil and gas companies will be required to phase out routine flaring, a relatively common practice where excess natural gas produced during oil extraction is burned off at the wellhead. This is often done to dispose of gas that companies find uneconomical to capture or transport, or sometimes as a safety measure to relieve well pressure.

Flares can fail to burn off all the methane or can be unexpectedly extinguished, releasing raw methane into the atmosphere.

In Texas, state law says companies aren’t supposed to flare or vent gas without special permission from the Texas Railroad Commission, which regulates the oil and gas industry. In 2022, the agency approved about 3,660 venting and flaring requests from oil and gas operators, according to agency data. Last year’s numbers are not available on the agency’s website.

Newly-constructed oil wells will be required to stop routine flaring altogether under the EPA rule. Existing sites can only flare if operators prove they cannot capture the gas for sale, reinjection or reuse.

According to a spokesperson at the American Petroleum Institute, the U.S. oil and gas industry is already doing its part to reduce emissions by improving its production processes, which the organization said resulted in methane emissions falling 37% between 2015 and 2022.

The EPA estimates implementation of the rule would eliminate 58 million tons of methane emissions nationally by 2038, as well as 16 million tons of smog-forming volatile organic compounds and nearly 590,000 tons of toxins like cancer-causing benzene.

Over that time, the standards will yield net health benefits worth up to $98 billion, after accounting for industry’s compliance costs, according to the EPA.
What will a new Trump administration mean?

Texas has already received $134 million from the federal government to permanently plug low-producing wells to help reduce methane emissions.

And while the EPA’s methane rule has been a cornerstone of President Joe Biden’s climate strategy to cut greenhouse gas emissions, Trump has said he will roll back federal regulations targeting climate change. Climate advocates were quick to warn that this could lead to the weakening or elimination of federal safeguards designed to limit harmful air pollution and greenhouse gases.

However, some experts believe Trump may face new pressures if he attempts to reverse the methane rule.

Arvind Ravikumar, an assistant professor at the University of Texas at Austin who co-leads the Energy Emissions Modeling and Data Lab, said industry support for emissions reduction has grown since Trump’s last administration.

“Technologies have come a very long way. There’s a whole ecosystem of industry catering to addressing methane emissions, and the technologies from 2016 have significantly improved and are now being routinely deployed across the country by many oil and gas operators, both big and small,” he said.

Ravikumar added that international buyers are increasingly demanding cleaner, climate-friendly oil and gas production. The European Union approved a standard earlier this year that places limits on how much methane can be emitted in imported gas. Ravikumar said this would require all suppliers to the European Union, including the U.S., to comply with their new limits.

“So U.S. exporters are under pressure to make sure that their supplies are clean and have lower methane emissions,” he said.

Without the EPA’s standards, Ravikumar said, U.S. producers could struggle to compete in global markets.

Todd Staples, president of the Texas Oil & Gas Association, said state operators have focused for years on reducing emissions and have made considerable progress.

“We are hopeful President Trump and his administration will seek stakeholder input so that any policies implemented facilitate this progress and can survive political changes. In the meantime, a TXOGA workgroup has been actively involved in state implementation of the Biden administration’s methane rule to ensure common-sense, science-based outcomes for all operators,” he said.

Reversing the new methane rule could take years, as the process involves navigating regulatory hurdles and public review.

Others are concerned that Texas could adopt the new rule but fail to enforce it.

“Strong rules are great, but they need to be properly and adequately enforced to deliver their promises,” said Elizabeth Lieberknecht, a regulatory and legislative manager at the Environmental Defense Fund.

The TCEQ has said that the agency is experiencing staffing shortages due in part to salaries that aren’t high enough to attract and retain workers. At a September legislative meeting, an agency representative said the agency had nearly 400 vacant positions.

David Lyon, a senior research environmental scientist at UT-Austin, said it’s likely that states would opt not to enforce the rule without strong federal oversight to compel compliance.

“I could see states like Texas essentially not doing any enforcement,” Lyon said. “In an ideal world EPA would get Texas in trouble, but I think with Trump they might not do anything and allow Texas to not enforce.”

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This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press.

ETX representative will support speaker candidate despite threats

ETX representative will support speaker candidate despite threatsTYLER — According to our news partner KETK, the Texas House will vote on a speaker in less than a month when the 2025 legislative session is set to begin, however Republicans are split on who to support in the race. Rep. Dustin Burrows, R-Lubbock. and Rep. David Cook, R-Mansfield, are running for House Speaker after Dade Phelan removed himself from contention. Since then, Rep. Cody Harris, R-Palestine, said he received threatening messages Sunday night from the Chairman of the Texas Republican Party, Abraham George.

Harris said the message was clear, to unite behind the caucus and rules established by the party. If Harris does not comply, the chairman threatened Harris with a campaign mailer to his district encompassing all of Anderson, Cherokee, and Navarro Counties, and the majority of Henderson County. However, Cook and Burrows declared that they have enough votes needed to win the race in January. Continue reading ETX representative will support speaker candidate despite threats

Tyler doctor admits role in $5.5 million COVID-19 scheme

Tyler doctor admits role in .5 million COVID-19 schemeSMITH COUNTY — A Tyler physician pled guilty on Monday in connection to his role in a $5.5 million over-the-counter COVID-19 test fraud scheme according to our news partner KETK.

According to the Department of Justice (DOJ), Mark Mazzare, 57 of Tyler, purchased Medicare beneficiary identifiers (BINs) used to bill Medicare millions of dollars for test kits that had not been requested by the beneficiaries. Texas Medical Board’s records indicate that Mazzare is an internal medicine/pediatric specialist and worked at a clinic on Old Bullard Road in Tyler.

“Mazzare entered into a sham agreement with a purported marketer to conceal the purchase of BINs as ‘lead packages,’ which in reality consisted of BINs and fraudulently generated audio recordings purporting to be the voices of the beneficiaries requesting the OTC COVID-19 tests,” DOJ said. “Mazzare caused OTC COVID-19 tests to be shipped to Medicare beneficiaries whose BINs had been purchased, regardless of whether the Medicare beneficiaries had requested or needed the tests.” Continue reading Tyler doctor admits role in $5.5 million COVID-19 scheme

Exxon Mobil unveils plans to build a natural gas power plant

HOUSTON – The Houston Chronicle reports that Exxon Mobil is “well along” in a plan to build its first commercial power plant, fueled by natural gas, to directly supply electricity to data centers, the company announced Wednesday. It’s a new venture for the Spring-based oil and gas giant, which has in previous years defied pressure to get into the electricity business as other oil majors experimented with — and then moved away from — renewable energy. Exxon plans to outfit the power plant with technology to capture and store more than 90% of its emissions of carbon dioxide, a greenhouse gas produced by the burning of fossil fuels. The buildup of carbon dioxide in the atmosphere is the primary driver of climate change. In an email statement, Dan Ammann, Exxon’s president of its low carbon businesses, said the company has secured sites for the power plant project near its network of carbon dioxide pipelines. Exxon has CO2 pipelines running along the Gulf Coast in Texas, Louisiana and Mississippi as well as in Montana and Wyoming.

UT Austin’s auto-admit rule raises the stakes

AUSTIN – Inside Higher Ed reports Brandie Cleaver, the college counselor at Stephen F. Austin High School, has a metaphor she likes to use when talking to students about applying to the University of Texas at Austin. As with most of her teaching analogies, this one is about dessert—specifically, pie. “Mrs. Cleaver loves pie,” she says. “Coconut and chocolate are my favorites, but UT Austin pie is OK, too.” She’s drawing a pie chart on the whiteboard in her office, which seems to have an open-door policy: About a dozen students sit around the large room in desks and on colorful chairs, working on homework or applications under walls plastered with college pennants. One pipes up from a bean bag: “The pie thing again?”

It’s a familiar analogy for Cleaver’s students because most of them have the state flagship, whose campus is just uptown, on their short list of prospective colleges, and she often has to explain just how slim their chances of admission really are. The pie conceit helps a complicated state policy issue go down a bit easier for 17- and 18-year-olds, though they may not love the taste. “This big chunk of the pie is already eaten by the time you apply; if you’re not in the top of your class, you’re wrestling with everyone else for this other little slice,” Cleaver explains, wielding a dry-erase marker like a cake knife. “If you’re a junior or senior not in [the top 6 percent of your class] and you’ve only got Austin on your list of schools, it’s time to think of some backups, because there’s just not enough pie to go around.” Getting into UT Austin is no sweat for Texas residents who graduate in the top 6 percent of their high school class. In accordance with a nearly 30-year-old state policy—which, until last year, was the only one of its kind in the country—all those students have to do is apply and they’ll be automatically admitted. The law mandates that at least 75 percent of UT Austin’s admits come from this pool.

Expanding college financial aid will help Texas meet workforce needs

AUSTIN (AP) – Wynn Rosser, a bow tie-wearing East Texan with multigenerational familial roots in rural life, will take the helm of Texas’ higher education agency in the new year.

As higher ed commissioner, Rosser will serve as the chief executive officer of the Coordinating Board, the state agency with a $2.9 billion budget that oversees Texas’ financial aid programs and helps enact the state’s strategic vision for public higher education.

Rosser said he is focused on getting more low-income Texans to college because a postsecondary degree is a pathway to a stable job and can transform future generations of families. And the state can get there by expanding financial aid programs, investing in research and emphasizing associate degrees and certificates.

In front of higher education leaders and policymakers on Friday, Rosser reflected on how his mother grew up in a house the size of the stage he was on, using an outhouse because they did not have indoor plumbing. And how his father’s decision to get a degree at Texas A&M University changed the trajectory of his family’s life.

“How lucky am I that dad managed to get into (college) and succeed? Mom and Dad made wise decisions,” said Rosser, his voice choking up and trying to find balance. “That’s why I get to sit with you guys talking about the seventh largest economy and setting more students up for success.”

Rosser spoke with journalists about his plans as commissioner before his public remarks. Here are three takeaways from his comments.
Texas must help more students pay for college

Students want to go to college but are afraid of taking on debt to continue their education after high school, Rosser said.

“Aspiration isn’t the challenge in Texas but, yet, we still have only about half the students enrolling directly,” Rosser said. “That’s a big opportunity for us. How do we take advantage of the aspiration and support students into their dreams, whether it be sub-baccalaureate or baccalaureate?”

The board is requesting $340 million from the Legislature to expand financial aid for students. The appropriations request would allow the board to guarantee low-income students in the top 25% of their high school graduating class financial aid through the Texas Education Opportunity grant and the Toward EXcellence, Access and Success, or TEXAS, grant, said David Troutman, the deputy commissioner for academic affairs, at a quarterly board meeting in October.

Higher education leaders also need to help them understand the cost of college – and the degrees they need to get the jobs they’re interested in, Rosser said.

“We need to help students and families understand ‘What does it take to achieve that dream?’ and provide that information early, consistently, so that students and families can plan,” Rosser said.
To achieve workforce goals, a shift to focus on adult learners

Rosser will be inheriting the state’s 60×30 plan, which set an ambitious goal to increase the number of Texans ages 25 to 34 with a postsecondary credential to 60% by 2030. The plan was created to meet the workforce needs of the state: About 71% of jobs are expected to require postsecondary education by 2036.

In rural East Texas, students often hear they “have to leave to succeed.” But there are thousands of high-demand, well-paying jobs in the area, Rosser said. He’s currently the president and CEO of the T.L.L. Temple Foundation, which analyzed jobs in the region. Those jobs don’t require a bachelor’s degree but do require a credential beyond high school.

“All credentials aren’t necessarily created equal,” Rosser said.

More rural students have been enrolling in dual credit, where they can take a college class while they are enrolled in high school. That has put more young people on the path to college, getting the state closer to its goal.

His predecessor, Harrison Keller, oversaw the expansion of the 60×30 plan to include Texans ages 25 to 64.

Adult students have different needs when they are returning to school to complete their degrees. That means the coordinating board and Texas colleges need different strategies to support those students, Rosser said.

“Life’s more challenging when you are working, when you have dependents that you’re supporting,” Rosser said. “How do you balance all of those things with trying to go to class? So that makes the more flexible credential options perhaps more attractive.”
Texas universities should expand their research arm

The incoming commissioner is also considering how Texas can help “emerging” research universities expand their research capabilities.

Rosser spent 14 years in teaching and administrative roles at Texas A&M University, one of the top two public research institutions in the state.

Universities across the country have been actively investing in their research because it helps attract grants and industry partners who might want to work on research projects and helps recruit faculty and graduate students.

“We’ve got to ensure that we’re preparing students, not only for the job today but the jobs of the future. And why we do that is with research universities, funding that the Legislature has invested in,” Rosser said. “I hope that more Texas students take advantage of that opportunity and become researchers and faculty members themselves, so that we can reinforce the economy.”

In the 2023 legislative session, Texas lawmakers created the Texas University Fund, a $3.9 billion endowment to help other universities meet research milestones.