$2M bond set for homicide suspect

M bond set for homicide suspectHENDERSON COUNTY — A Henderson County man who has been accused of killing his 84-year-old father was arrested in the Dallas area on Wednesday by U.S. Marshals. Ronny Medford was extradited to the Henderson County Jail on Thursday, with bond set at $2 million.

According to the Henderson County Sheriff’s Office, deputies had been searching for Ronny Medford since May 11 after he was accused of killing his father inside their family home in Payne Springs.

“We have been working closely with the community and law enforcement agencies to locate Medford and it worked,” the sheriff’s office said.

Backlash to Trump’s $1.8B settlement fund delays GOP immigration bill

WASHINGTON (AP) — Senate Republicans abruptly left Washington on Thursday without voting on a roughly $70 billion bill to fund immigration enforcement agencies, frustrated with the White House and at an impasse over whether to try to block a new $1.776 billion settlement fund to compensate Trump allies who believe they have been politically prosecuted.

Republicans had already abandoned part of the bill that provided $1 billion in security money for the White House complex and President Donald Trump’s ballroom amid backlash from members of their own party. But the settlement announced by the Justice Department this week prompted even more questions, spurring a push to limit the taxpayer dollars that some feared could go to Trump supporters who harmed law enforcement officers in the Jan. 6, 2021, attack on the Capitol.

A tense meeting with acting Attorney General Todd Blanche on Thursday morning to discuss the settlement only heightened the frustration among senators. Soon after it ended, Republican leaders announced that they would not vote on the immigration enforcement measure until they returned from a Memorial Day recess the week of June 1, which was Trump’s self-imposed deadline for them to pass it.

Blanche “had an appreciation for the depth of feeling” among GOP senators, Senate Majority Leader John Thune said afterward as a growing number of them spoke out against the idea.

Kentucky Sen. Mitch McConnell, the former GOP leader, called the settlement “utterly stupid, morally wrong.”

“The nation’s top law enforcement official is asking for a slush fund to pay people who assault cops?” McConnell said in a statement afterward.

The last-minute scramble on the bill came as Democrats have criticized Republicans for trying to fund Trump’s ballroom when voters are concerned about affordability issues — and as some GOP lawmakers have grown increasingly frustrated with Trump.

Several GOP senators have spoken out against the Justice Department settlement announced this week, and many were upset by the president’s Tuesday endorsement of Texas Attorney General Ken Paxton in next week’s primary runoff against Sen. John Cornyn.

Growing tensions with the White House derail bill

Both sides have acknowledged the tensions. Thune said Thursday that the White House should have consulted Congress before it announced the settlement, which he said made “everything way harder than it should be.” Trump’s endorsement of Cornyn’s opponent also complicated matters, he said.

“I think it’s hard to divorce anything that happens here from what’s happening in the political atmosphere around us,” Thune told reporters. “There is a political component to everything we do around here.”

Trump unloaded on senators in a social media post Wednesday, urging Republicans to fire the Senate parliamentarian, Elizabeth MacDonough, who said over the weekend that parts of the $1 billion White House security proposal did not qualify for the ICE and Border Patrol bill. Trump also renewed his long-standing calls for the Senate to pass the SAVE Act, a Republican bill that would require voters to prove U.S. citizenship, and to end the Senate filibuster.

Republicans need to “get smart and tough,” Trump said, or “you’ll all be looking for a job much sooner than you thought possible!”

While they have been loyal to Trump on most issues, Senate Republicans have resisted his repeated calls over the years to kill the filibuster, which creates a 60-vote threshold for most bills in the Senate.

Asked Thursday at the White House if he was losing control of the Senate, Trump replied: “I really don’t know. I can tell you — I only do what’s right.”

Hanging over the growing GOP rift is Trump’s surprise endorsement of Paxton. That intervention has Republican senators privately fuming that it could cost them their majority in November as they view the incumbent, Cornyn, as the stronger candidate.

Possible parameters on Trump’s settlement fund

The “anti-weaponization” fund, part of a settlement that resolves Trump’s lawsuit against the IRS over the leak of his tax returns, unexpectedly became one of the main complications in the bill after Democrats announced that they would force votes to block it or place restrictions on it.

Democrats have an opening because Republicans are trying to pass the immigration enforcement bill through a budget process that allows a long series of amendment votes. The Democratic amendments would block the fund outright or ban any payments to Trump supporters who harmed law enforcement officers on Jan. 6, 2021.

“The only way for Republicans to get out of this box is to stop backing the slush fund, stop pushing the ballroom, and as soon as we get back, join Democrats in fighting to lower Americans’ costs on health care, on housing, on power, on so much else,” Senate Democratic Leader Chuck Schumer of New York said after senators left town.

As it became clear that the Democratic amendments could pass, Republicans began discussing their own last-minute additions to head that off — an idea that appeared to have support in the GOP conference but could threaten eventual support of the bill in the House or make a presidential veto more likely.

“I think there’s reasonable limitations that can be put on it,” said Sen. Rick Scott, R-Fla., one of Trump’s top allies in the Senate.

Secret Service request falters

Under the Secret Service’s request, about $220 million would fund security improvements related to the ballroom. The rest would go for a new screening center for visitors, training and other security measures.

After it became clear that Republicans would abandon that proposal, Trump told reporters at the White House on Thursday that “I don’t need money for the ballroom,” which he had originally said would be paid for with private funds. Still, if Congress doesn’t approve the request, he said the White House “won’t be a very secure place.”

Sen. Thom Tillis, R-N.C., said the effort to add the security package to the bill was a “bad idea.” The bill should not have included the other security improvements, he said, “because it’s just giving everybody the ‘billion-dollar ballroom.’”

Left in the bill is the money for ICE and Border Patrol, which Democrats have blocked for months in protest of the administration’s immigration enforcement crackdown.

Democrats demanded changes for the agencies, but negotiations with the White House yielded little progress. So Republicans are using the complicated budget maneuver called reconciliation — the same process that allowed them to pass Trump’s tax and spending cuts bill last year — to fund the agencies through the end of Trump’s term without any Democratic support.

Still, passage requires sign-off from the parliamentarian and unity from Republicans.

Sen. Mike Rounds, R-S.D., said the Senate’s responsibility should be to focus on funding ICE and Border Patrol.

“When other extraneous things get in the middle of it, it makes it more difficult,” he said.

Paxton makes his final pitch in Texas US Senate race against Cornyn

DRIPPING SPRINGS (AP) — Texas Attorney General Ken Paxton is riding high as he heads into the final days of his Republican primary runoff against Sen. John Cornyn, now with the weight of the president’s backing behind him.

“I don’t know if y’all noticed this, but Donald Trump endorsed me,” Paxton told a small rally in a town outside Austin, inciting whoops and applause from the crowd.

Tuesday’s election has drawn national attention and gobs of money. It’s also become the latest contest in which Trump is encouraging voters to boot a politician who have displeased him — in this case, Cornyn — in favor of a challenger more aligned with the president. That effort has been largely successful for Trump. Earlier this week, Republican Rep. Thomas Massie lost his Kentucky primary against Ed Gallrein, whom Trump had handpicked and backed. He also has defeated incumbents in Louisiana and Indiana.

Paxton has been turning his focus to the Democratic nominee, state Rep. James Talarico. Paxton opened his event Thursday with attacks on Talarico, a sign of his confidence heading into Tuesday.

Paxton then gave a biography of his political life, and tried hammering home the reason he says he should be the Republican nominee: He’s unleashed a barrage of lawsuits defending conservative values for years. It’s the type of resume that endears Paxton to the Make America Great Again faithful, some of his supporters said.

“He’s a fighter, he’s a person of action, he’s proven that as attorney general,” said Jeffrey Sonnier, 72, who attended the rally and echoed what many supporters there voiced.

As for Cornyn, said Sonnier, “he’s inactive for five years and digs out to become a supposed active Republican MAGA person every six years.”

Who is closer to Trump?

Paxton’s campaign said Thursday that it’s pulling negative ads against Cornyn. Instead, starting after Trump’s Tuesday endorsement, the campaign and a super PAC that supports his candidacy began airing separate ads touting Trump’s favor.

Cornyn’s campaign and groups supporting him, however, were outspending the pro-Paxton groups three-to-one, and had reprised an ad they began airing last year noting Cornyn’s support for Trump’s agenda and featuring video clips of Trump praising Cornyn.

“He’s called me a friend, and that’s no surprise because I’ve supported him and his policies, you may have seen a commercial or two to that effect, 99.3% of the time,” said Cornyn in a video posted to X from a recent event.

Cornyn has also long worked to shift the race to focus not on fidelity to the president but on character.

The campaign has leaned heavily into messaging about Paxton’s past, which includes an alleged affair and an impeachment for corruption in which Paxton was acquitted.

If Paxton is the nominee, that will be litigated in a general election against Talarico, where voters will be less “willing to overlook all the corruption, the self-dealing and the scandals,” Cornyn argued at a recent campaign event. “Ken Paxton would hand it to (Democrats) on a silver platter.”

Paxton supporters at his Thursday rally shrugged off the accusations.

“He’s had his flaws, but so have we; we all make mistakes,” said Daniel Vega, 18, adding, “He’s repented, let’s move on.”

A contest where spending reached beyond $100 million

Through this week, Cornyn’s campaign and groups supporting it will have spent roughly $90 million in advertising, according to the ad-tracking firm AdImpact, including more than $20 million since the March 3 primary election.

Paxton’s campaign and the single super PAC have combined to spend roughly $10.5 million on advertising, with roughly $6.1 million since the March 3 primary.

The ads have flooded voters.

“The commercials are leading me against Paxton, that he might be a little crooked,” said Gail Licea, 74, a retired registered nurse, who attended a Cornyn event before Trump’s endorsement. Then again, she said, “I’ve been led to believe that sometimes John Cornyn doesn’t back President Donald Trump, and that concerns me.”

The advertising has been so concentrated, it was unclear how much the late pivot by the groups would affect Tuesday’s outcome, said Wayne Hamilton, former executive director of the Texas Republican Party.

“There is so much noise out there right now,” said Hamilton, who is an adviser to Gov. Greg Abbott and is unaffiliated with either of the Senate candidates. “I don’t know how any one message is going to break through.”

Search ongoing for man accused of breaking into Sulphur Springs home, forcing minor out

SULPHUR SPRINGS, Texas (KETK) – The Sulphur Springs Police Department is currently searching for a man who forced a minor out of a residence on Whitworth Street on Thursday.

Sulphur Springs PD said officers responded to the 400 block of Whitworth Street at around 10:23 a.m. on Thursday and met a male juvenile who told them that a man entered his residence and forced him out of the home towards Lamar Street.

The juvenile was able to get away from the man and went back to the residence.

The man is currently wanted by the Sulphur Springs PD in connection with this incident. He’s described as a Black man in his 20’s who was wearing red pants, a white shirt and a black backpack.

Sulphur Springs PD also said the man had gold teeth and a tattoo on one of his forearms. Officers reportedly checked cameras in the area but the man was never recorded.

Anyone with information about this incident is asked to call Sulphur Springs PD Detective Joe Scott at 903-885-7602.

$70M approved for new SFA residence hall

NACOGDOCHES, Texas (KETK) – The University of Texas Board of Regents approved $70 million in funds for Stephen F. Austin State University to construct their new 100,000-square-foot Lumberjack Crossing residence hall on Thursday.

The board’s also approved the design for new $70 million dorm which will be a four-story structure capable of housing 335 students in double-occupancy rooms, lounge and study spaces, offices and more.
Rendering courtesy of SFA.

The new hall will be located directly to the east of the current Lumberjack Landing residence hall and to the south of the new Pineywoods Dining Hall. The $70 million will also fund new campus cooling capacity by installing a new chiller.

Construction is expected to be substantially completed in 2028.

Sheriff announces reelection bid

Sheriff announces reelection bidSMITH COUNTY — Smith County Sheriff Larry Smith announced Thursday evening that he will seek another term, according to our news partner KETK. He shared the news during his 70th birthday celebration surrounded by family, friends, law enforcement officials and community members. Larry Smith is a veteran of more than three decades in law enforcement, beginning his career with the Gregg County Sheriff’s Office in 1976. During his eleven years there, he advanced from Criminal Investigator to Lieutenant and ultimately Captain of the Criminal Investigation Division.

He continued his service at the federal level as a Special Agent with the U.S. Department of Justice’s Drug Enforcement Administration before joining the Bureau of Alcohol, Tobacco, Firearms and Explosives in 1989. Over the next 22 years, he served as a Criminal Investigator specializing in fire, explosives and forensic mapping, and worked as a Task Force Team Leader on national and international response operations. Throughout his career, Smith completed more than 8,200 hours of advanced investigative training in areas such as fire, homicide, explosives, sex crimes and management. He also provided over 1,200 hours of instruction to state, local, and federal agencies, teaching explosives post?blast procedures, fire investigation, interview techniques and clandestine drug investigation.

Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says

In this Jan. 19, 2026, file photo, New York City Comptroller Mark Levine speaks at an event at the Brooklyn Academy of Music in New York. (Jason Mendez/Getty Images for Brooklyn Academy Of Music, FILE)

(NEW YORK) -- The top financial officer in New York City on Thursday warned that artificial intelligence could put thousands of workers in the nation’s largest metropolis out of a job as soon as this year, while acknowledging that the ultimate impact of AI remains uncertain.

The only sure thing, New York City Comptroller Mark Levin said in a new report: AI promises a “radical transformation” in the globe’s financial capital, influencing everything from wages to pension payments to Wall Street profits.

Levin, a Democratic former New York City Council member, predicted a range of scenarios both positive and negative, gauging the likelihood of outcomes as bullish as a broad-based productivity boom and as detrimental as mass layoffs.

City policymakers stand to play a central role in the technology’s ultimate fate, Levin added, calling for urgent steps like creating a multi-billion dollar financial cushion in case economic calamity strikes.

“There is no city in America – and perhaps none on earth – more exposed to both the promise and peril of artificial intelligence than New York City. And there are few places with more power to steer the transformation ahead,” Levin said in the report.

New York City hosts "hundreds of firms competing to make New York the capital of applied AI," Levine added, as well as roughly one million workers who labor in Manhattan office towers, many of whom stand at risk of AI disruption. The high stakes exemplify a reckoning likely to play out in cities nationwide, he said.

“Uncertainty is not an excuse for inaction,” Levin said, saying local policies should complement much-needed efforts at the federal level. “We are not helpless.”

The report comes as the stock market and the economy overall have both come to increasingly rely on massive spending on AI to propel continued growth, even as companies warn of job losses tied to the technology.

A wave of thousands of job cuts attributed to artificial intelligence over recent months has taken hold in industries as diverse as tech and airlines. In April, AI company Anthropic opted against releasing its latest model, Mythos, expressing concern that the tool could be used to bypass cybersecurity protections across the internet.

Blockbuster earnings from chip giant Nvidia on Wednesday, meanwhile, rebuked fears of a slowdown in the rip-roaring pace of growth for the artificial intelligence behemoth.

In his report, Levin assessed five potential scenarios for AI uptake in New York City, focusing on potential economic downsides and benefits of each. The forecast draws upon national AI scenarios developed by Moody’s Analytics, adapting them for New York City, Levin said.

In the most likely outcome, dubbed the “AI-Empowered Economy,” Levin predicted that AI would improve productivity while delivering moderate economic growth, including an average of about 52,000 jobs added each year through 2030. Levin pegged the likelihood of this outcome at 35%.

A more pessimistic scenario, which Levin called “AI Falls Flat," foresees a drop-off in AI investment and an accompanying stock market slide. If this outcome comes to pass, New York City would lose about 52,500 jobs as soon as this year, suffering temporary ill-effects akin to those that coincide with a recession, Levin said. The probability of this scenario, he added, stands at 25%.

Other possible outcomes include “faster-than-expected AI” adoption that improves productivity but replaces jobs, as well as an “AI shockwave” that upends white-collar employment.

The "most optimistic" of the five scenarios, Levin says, is a "Productivity Boon," in which AI-driven productivity growth complements job growth, rather than displacing it, boosting compensation in the process. Levin puts the likelihood of this outcome at 15%.

To be sure, Levin said, the potential economic impact of AI remains highly uncertain. Other economic trends unrelated to AI could also hold significant implications for the city's economy, Levin added, pointing to a historic oil shock that has driven up fuel and grocery prices.

Levin touted the role of local government in responding to the changes wrought by AI, whether they prove favorable or otherwise.

"These are not questions we can leave to Silicon Valley, Washington, or the market alone. New Yorkers must help shape the future ourselves," Levin said.

Copyright © 2026, ABC Audio. All rights reserved.

Restrictions for minors implimented at mall

Restrictions for minors implimented at mallLONGVIEW – New guidelines for youth supervision have been added to the Longview Mall’s updated Code of Conduct. According to the mall, anyone under the age of 17 must always be accompanied by a parent or supervising adult who is at least 21 years old on Fridays and Saturdays after 4 p.m. During the summer and holidays, those hours could change. The Longview Mall Code of Conduct states that unsupervised youth shoppers must either leave the mall by 4 p.m. or have a parent or other responsible adult join them right away. Proof of age, such as a state-issued driver’s license or ID card, a military ID, a school ID card, or a passport, may be requested from minors or supervising adults. A photo and the date of birth must be included, and the identification must be impenetrable.

Tyler road construction to last 30 days

Tyler road construction to last 30 daysTYLER – The City of Tyler announced that Old Bascom Road in Tyler will be closed starting May 22, until June 25. The closure will allow for construction of the roadway and drainage improvements, the city said in release. Drivers are encouraged to use alternate routes and should expect delays near the intersections of Old Omen Road and Old Bascom Road and Kent Drive and Old Bascom Road.

Sexual assault suspect sentenced

Sexual assault suspect sentencedSMITH COUNTY – After entering a guilty plea, a man who was detained along with others for several alleged sexual assaults on a teenage girl in Tyler was given a 16-year jail sentence Tuesday.

In connection with crimes against a 15-year-old girl that took place last year, Lamarcus Hambrick, 32, entered a guilty plea to two charges of sexual assault of a child in the 475th District Court. According to arrest records, he was given a 16-year sentence for each offense, and his prior probation was overturned, meaning he would spend an additional two years in a state prison. The sentences will be carried out consecutively. Hambrick was discovered at a motel in September 2025 with the 15-year-old child. It was discovered by a Texas Department of Public Safety trooper that Hambrick and the child had been having sex for around a week. Then after, Hambrick was taken into custody. Continue reading Sexual assault suspect sentenced

Over 9-foot-long alligator caught in Jasper County after blocking traffic

JASPER COUNTY – No investi-gator needed for this capture. In Jasper County, a 9-and-a-half-foot alligator was captured after stalling traffic on 1013 West Wednesday. According to our news partner KETK, Jasper County Sheriff’s Office deputies can add “alligator catchers” to their list of accolades after successfully removing the alligator from the road. After being captured by deputies, the alligator was handed over to Texas Game Wardens and was safely relocated.

Democrats try to defeat candidate expressing antisemitic views in Texas runoff on Tuesday

SAN ANTONIO (AP) – Democratic leaders are trying to prevent Maureen Galindo, a candidate who has repeatedly expressed antisemitic views, from winning their party’s nomination in next week’s Texas runoff, and they’ve accused Republicans of propping up her campaign.

Galindo faces Johnny Garcia in the runoff for the Democratic nomination in the state’s 35th Congressional District, which is located in the San Antonio area. The district was redrawn by Texas Republicans to boost their party’s chances of holding onto the seat in this year’s midterms.

Democrats have become alarmed since Galindo received the most votes in the March 3 primary. She earned 29% while Garcia had 27%. They believe the seat could remain competitive, despite redistricting, if their party has a strong year politically, and they’re eager to avoid being saddled with a candidate’s inflammatory rhetoric.

The runoff comes at a moment of heightened concern about the spread of antisemitism across the political spectrum and questions about how to handle candidates with extreme beliefs.

Galindo’s comments included calls for imprisoning “American Zionists,” and transforming a U.S. Immigration and Customs Enforcement facility into a jail for that purpose.

“She’ll turn Karnes ICE Detention Center into a prison for American Zionists and former ICE officers for human trafficking,” Galindo’s campaign Instagram account said. It added: “(It will also be a castration processing center for pedophiles, which will probably be most of the Zionists).”

Galindo is supported by a political action committee called Lead Left PAC that bills itself as opposed to President Donald Trump. However, Democrats argue that the group is funded by Republicans, and the New York Times reported evidence of potential links.

“House Republican leadership must immediately cease propping up this antisemitic candidacy,” Democratic House Leader Hakeem Jeffries and Democratic Congressional Campaign Committee chair Suzan DelBene said in a statement.

The National Republican Congressional Committee did not address Democrats’ claims about supporting the Lead Left PAC, but criticized the Democratic candidates for “embarrassing fundraising numbers, zero grassroots energy, and no real support from Texans.”

In an email, Galindo said her proposal was “NEVER for Jewish Zionists — it’s for BILLIONAIRE Zionists.” She said national Democrats sought to inflame her comments.

Democrats have disavowed Galindo’s language. In addition to DelBene and Jeffries’ statement, Democratic Rep. Alexandria Ocasio-Cortez of New York, called it “disgusting” and said it shouldn’t be near “our politics.”

Representatives Josh Gottheimer of New Jersey and Jared Moskowitz of Florida said in a statement Wednesday that if Galindo were to win election to Congress, they’d force votes to expel her “every single day we are here.”

Garcia said in a video posted on social media that the comments have no place in the race.

“We should be bringing people together, not spreading hate, division or dangerous rhetoric,” he said.

Lead Left PAC did not respond to requests for comment.

Primary election day voting

Primary election day votingSMITH COUNTY – Smith County will have 19 voting centers open for the Primary Runoff Election from 7 a.m. to 7 p.m. on Tuesday, May 26.

Statewide runoff races are on the ballot.
U.S. Senator, Attorney General, Railroad Commissioner and Court of Criminal Appeals, Place 3, Judge are on the Republican ticket. The Democratic ballot will have runoff races for U.S. Representative, District 1, Lieutenant Governor and Attorney General.
The City of Tyler Mayor Runoff Election is not on the current ballot. That election is set for June 13, with early voting beginning June 1.
 
These polls are open for the Primary Runoff Election Day:
*Arp Community Center: 108 E. Longview Street, Arp
*Bethel Bible Church: 17121 Highway 69 South, Tyler
*Cameron J Jarvis Library: 102 S. Georgia Street, Troup
*Chapel Hill Fire Department: 13801 CR 220, Tyler
*First Christian Church (Christian Life Center): 4202 S Broadway Ave., Tyler
*Glass Recreation Center: 501 W. 32nd Street, Tyler
*Greater Life Church: 2751 FM 344 East, Bullard
*Heritage Building: 1900 Bellwood Road, Tyler
*Hideaway Members Services Building: 101 Hide-A-Way Lane, Hideaway
*The Hub: 304 E. Ferguson Street, Tyler
*Lindale Kinzie Community Center: 912 Mt. Sylvan Street, Lindale
*&Noonday Community Center: 16662 CR 196, Tyler
*Old Tyler Airport: 150 Airport Drive, Tyler
*St. Louis Baptist Church: 4000 Frankston Highway, Tyler
*St. Violet Baptist Church: 14129 FM 2767, Tyler
*Three Lakes Middle School: 2445 Three Lakes Parkway, Tyler
*Tyler Senior Center: 1915 Garden Valley Road, Tyler
*Whitehouse City Center: 109 E. Main Street, Whitehouse
*Winona Community Center: 520 Dallas Street, Winona
 
For more information about voting locations, times and what is on the ballot, or to use our interactive map, go to the Smith County Website.

What rising bond yields mean for mortgages and credit card rates

Houses with a 'For Sale' sign in a small new neighborhood in Gunnison, Colorado 6/18/20 (Nathan Bilow/Getty Images)

(NEW YORK) -- U.S. Treasury yields soared in recent days as the Iran war stoked inflation fears, threatening to drive up borrowing costs for everything from mortgages to credit cards to auto loans.

The yields on 30-year bonds – the amount paid to a bondholder annually – touched their highest point since 2007. Ten-year Treasury yields peaked at about 4.69% on Tuesday, marking a roughly three-quarter percentage point jump from the start of the war on Feb. 28.

The yield on 10-year Treasuries retreated on Wednesday, registering at 4.58%. Still, yields exceed the level reached during a bond selloff in the aftermath of President Donald Trump’s “Liberation Day” tariffs in April 2025.

Since bonds pay a given investor a fixed amount each year, the specter of inflation risks higher consumer prices that would eat away at those annual payouts. In this case, a global oil shock has pushed up energy prices which in turn has trickled into other costs, such as groceries.

As a result, bonds have become less attractive. When demand falls, bond yields rise.

“It’s really all about the Iran war and its inflationary impact,” Ted Rossman, a senior industry analyst at Bankrate, told ABC News.

High bond yields make borrowing more expensive for average Americans because Treasury rates influence the rates offered by lenders.

Long-term Treasury yields help set interest payments for mortgages, credit cards, car loans and just about any other type of borrowing, Patrice Carrington, a professor of real estate at New York University, told ABC News.

The reason for the rise in borrowing costs is that regulated lenders are required to hold reserve assets, often made up in part by U.S. Treasuries, Carrington added. When Treasury yields rise, it raises the costs incurred by banks holding Treasuries on their books. Lenders, in turn, offset those added expenses with higher borrowing costs.

“The bank will pass along that higher cost of capital to any consumer loan,” Carrington said.

The onset of this pain for consumers is exemplified by the housing market, where the average interest rate for a 30-year fixed mortgage stands at 6.72% as of Monday, Mortgage News Daily data showed. Mortgage rates have climbed three-quarters of a percentage point from pre-war levels.

“That’s a really big jump,” Rossman said.

Each percentage-point rise in a mortgage rate can impose thousands or tens of thousands of dollars in additional costs each year, depending on the price of the house, according to Rocket Mortgage.

Credit card rates, by contrast, have remained flat over the course of the Iran war, though at heightened levels, Rossman said.

The average credit card interest rate stands at 19.57%, just slightly below where it stood before the war began, Bankrate data showed. At the start of 2026, futures markets expected the Fed to likely cut interest rates at least once by the end of the year, which would put downward pressure on credit card rates.

As the Fed weathers a renewed bout of inflation, however, markets estimate about a 50% chance of interest rates remaining unchanged over the course of the year and a 37% chance of a rate hike, according to the CME FedWatch Tool, a measure of market sentiment. Markets peg the odds of a rate cut this year at less than 2%.

As a result, credit card rates "are staying higher for longer" than many observers anticipated, Rossman said.

Analysts differed in their recommendations for consumers weighing whether to move forward now with securing a loan or wait for a potential decline in interest rates.

Liu Lu, a professor at the Wharton School at the University of Pennsylvania, said mortgage rates are unlikely to decline substantially in the near-term, meaning borrowers who can afford a loan at current rates may as well take the plunge.

“I wouldn’t bet on trying to catch the opportune moment,” Lu told ABC News.

Carrington, on the other hand, counseled patience for loan seekers.

Eventually, the economy will falter and the Fed will cut interest rates, pushing down borrowing costs, according to Carrington.

“We’re long overdue for a downturn,” Carrington said. “I absolutely think borrowers should wait.”

In the meantime, the impact of elevated bond yields on consumers isn't entirely negative. The trend means better returns for investors who place their money into financial instruments such as money market funds or high-interest savings accounts, which are historically safer investments than the stock market.

Copyright © 2026, ABC Audio. All rights reserved.

Former jailer facing prison time

Former jailer facing prison timeRUSK — A former corrections officer with the Texas Department of Criminal Justice (TDCJ) is awaiting a sentencing hearing after pleading guilty to conspiracy to assault an inmate in custody.

According to the U.S. Department of Justice and our news partner KETK, in his plea agreement, Samuel Thomas acknowledged that while he was on duty as a correctional officer, he opened the door of an inmate’s cell and allowed others to strike and injure the inmate. The inmate suffered bodily injury as a result of the actions, the DOJ said.

After pleading guilty on Tuesday, Thomas can now face a maximum sentence of 10 years in prison and could be forced to pay a fine of up to $250,000. Thomas’ sentence will be determined by a federal judge based on the U.S. Sentencing Guidelines and other statutory factors. Continue reading Former jailer facing prison time

City pursues $5M for water improvements

City pursues M for water improvementsGRAND SALINE — Following citizen concern about water issues, the City of Grand Saline announced they are aware of much-needed improvements for water system infrastructure and is seeking a grant.
Working with engineers, the city if pursuing a new Texas Water Development Board (TWDB) grant opportunity that could provide up to $5 million for critical water infrastructure improvements, the city said.

According to our news partner KETK, if obtained, the grant would fund a new water well, additional water storage and the replacement of aging water lines.

The grant would be obtained through a new program created by House Bill 500, which is expected to be fast-moving. Applications for the program are due by July 30 and funding decisions are expected to be made in September. Continue reading City pursues $5M for water improvements

Intoxicated driver crashes into building

Intoxicated driver crashes into buildingTYLER – A man was arrested in Tyler early Wednesday morning after driving his car through a building on the Grace Community High School campus while he was allegedly intoxicated. According to the Tyler Police Department and our news partner KETK, Jaydien Williams struck the front of the administrative building on campus at around 4 a.m. No injuries were reported following the incident.

Williams was arrested following the crash and was charged with driving while intoxicated and possession of marijuana. The portion of the building hit by Williams’ car has been boarded, and repairs are expected to begin this week.

Lightning strike kills horses at sanctuary

Lightning strike kills horses at sanctuaryWINNSBORO — As storms rolled through East Texas on Tuesday night, a tragic strike of lightning left five horses at a Winnsboro equine refuge dead. The Hooker Ranch Equine Refuge is home to a herd of up to 100 horses, rescuing and rehabilitating the equines with veterinary care and a place to stay. On Tuesday night, the non-profit lost five horses after a lightning strike hit the property.

Our news partner KETK is reporting that among the five horses were two draft mares, two Standardbreds and a quarter horse. The Standardbreds — Lucy and “Look Don’t Talk” — were just put up for adoption while Freya, the quarter horse, was pending adoption.

To avoid any issues arising from burying the large animals on the property, community members lent the refuge a tractor to move the horses. Each horse was respectfully tarped and prepared for a proper burial, the refuge said.

The refuge, which operates as a shelter for surrendered horses across the state, focuses on keeping the animals out of the slaughter pipeline.

Lufkin residents rally against proposed $1 billion data center

LUFKIN, Texas (KETK)– Lufkin residents gathered at City Hall today to protest a proposed $1 billion data center.

The facility planned by Denver-based developer Amp Z at the former Southland Paper Mill site, faces opposition over concerns about water usage, local infrastructure impact and potential noise. The proposed facility is located outside city limits and the Lufkin City Council did not address the matter during its meeting.

The Amp Z project is a one billion dollar data center intended for a 1,000-acre site. While the land purchase for the development is complete, the project remains in negotiation and planning phases. City officials have stated the facility would use approximately 500 gallons of water daily, utilizing a closed-loop system for water reuse.

Ahead of Wednesday’s meeting, people stood outside city hall, marching, chanting and holding signs to express their opposition to the data center. Residents also raised concerns regarding the potential strain on local infrastructure and the noise levels once the vast 1,000-acre facility becomes operational. Christina Perez, a community organizer, voiced the broader implications of such development.

“This isn’t the only data set; this is just one of many that will probably come to Lufkin and the East Texas area,” Perez said. “For a lot of people, this is just home. It’s something that is replaceable and once we take all these things away, it’s going to be hard to get them back.”

The group of residents plans to present their concerns about the data center project to the Angelina County Commissioners Court. The project is still in the negotiation and planning phases.

Sites tied to equality movements join list of America’s most endangered historic places

WASHINGTON (AP) — The Stonewall National Monument, the President’s House Site and the Women’s Rights National Historic Park are among 11 sites on this year’s annual list of the most endangered historic places in the United States compiled by the National Trust for Historic Preservation.

The 2026 list, announced Wednesday, marks America’s 250th anniversary with the foundational principle that everyone is created equal as the theme, said Carol Quillen, president and CEO of the nonprofit organization. The 11 sites offer examples of how, over time, Americans have fought against injustice and for equality, she said.

“We wanted to think about those ideas, especially this notion that all human beings are created equal and find places, sometimes unsung places … that not all Americans routinely think about,” Quillen told The Associated Press.

The sites are spread across the United States — from New York and California on the East and West Coasts, to Alabama and Texas in the South, to Michigan in the Midwest and the Four Corners of Arizona, Colorado, New Mexico and Utah in the Rocky Mountain West.

At least three of the sites — Stonewall, the El Corazon church in Texas and President’s House in Philadelphia — have been endangered by Trump administration actions.

“We want to save these places,” Quillen said, “not just because the bricks and mortar is important but because the stories these places hold are important.”

For the first time since the list debuted in 1988, each site on the 2026 list will receive a one-time $25,000 grant to help highlight their connections to the principle that all people are created equal and address the threats they face.

The 11 sites are:

Montgomery, Alabama: Ben Moore Hotel

The hotel was a refuge for Black people living under laws that enforced racial separation in the South. Prolonged vacancy has caused structural deterioration and the historic Centennial Hill neighborhood surrounding it faces pressure from development. The hotel housed key players from the Civil Rights Movement, including the Rev. Martin Luther King, Jr. and Rev. Ralph Abernathy. The Conservation Fund announced in November that it would help preserve the hotel.

Modoc County, California: Tule Lake Segregation Center

Initially known as the Tule Lake War Relocation Center, it was set up as a camp but later became a segregation center where Japanese Americans who were thought to be disloyal to the United States were imprisoned. The site is now a national monument managed by the National Park Service. Only 37 acres of the 1,100-acre site is protected. Most of it is at risk of permanent alteration from a proposed nearby construction project.

California: Angel Island Immigration Station

It was the largest immigration port on the West Coast between 1910 and 1940, particularly for immigrants from Asia and the Pacific. Hundreds of thousands were processed, detained and/or interrogated there because of their race. The station currently is threatened by physical, environmental, political and economic factors. Additional funding is needed for structural repairs and programming to increase awareness.

Somerset, Massachusetts: Swansea Friends Meeting House

Recognized as the oldest surviving Quaker meeting house in the state, it was built in 1701 to serve as a refuge by a congregation fleeing religious persecution and looking for a safe place to worship. The building has been closed for years and needs significant rehabilitation.

Michigan: Detroit Association of Women’s Clubs

Founded in 1921, the association was one of the first Black organizations in Detroit to own their headquarters building, which was purchased in 1941. But the building has been closed since 2024, when water pipes burst and damaged the interior. Money is needed to help the association reopen the building.

New Mexico, Colorado, Arizona, Utah: Greater Chaco Cultural Landscape

The landscape is an ancestral homeland sustained for over a millennium by the Pueblo and Hopi people, but is threatened by changes to federal land policy that could open up significant portions to oil and gas development. Permanent protections and tribal consultation are needed to protect its cultural integrity.

Seneca Falls, New York: Women’s Rights National Historical Park

The park tells the story of the first Women’s Rights Convention, held in Seneca Falls, in July 1848. It faces a deferred maintenance backlog of over $10 million. Additional funding and support are needed to help preserve the park as a place to teach visitors about the history of women’s rights.

New York: Stonewall National Monument

The first and only U.S. national monument dedicated to LGBTQ+ history was the subject of administration actions that saw the rainbow Pride flag removed from its flagpole earlier this year before it was restored. The National Park Service had removed the flag in February, citing federal guidance that limited the agency to displaying only the American, Interior Department and POW/MIA flags. But the administration reversed course in April as it agreed to settle a lawsuit filed by advocacy and historic preservation groups that sought to block the flag’s removal at the Manhattan site.

After Trump returned to office, he ended diversity, equity and inclusion initiatives, and many references to transgender people were excised from the Stonewall monument’s website and materials. The Republican administration similarly has put national parks, museums and landmarks under a messaging microscope, aiming to remove or alter materials that it says are “divisive or partisan” or “inappropriately disparage Americans.”

Philadelphia: The President’s House Site

The administration abruptly removed exhibits on the lives of nine people enslaved at the site in the 1790s under George Washington, the first U.S. president, who lived there when Philadelphia served as the nation’s capital. The exhibits were taken down as part of a broad effort by the administration to remove from federal properties information it deems “disparaging” to Americans. The issue is currently the subject of litigation between the city and federal government.

Heath Springs, South Carolina: Hanging Rock Revolutionary War Battlefield

The Battle of Hanging Rock was a key battle in the Southern Campaigns of the Revolutionary War and is considered a Patriot victory that helped boost morale and ultimately weaken British control in South Carolina. Only portions of the core battlefield are protected and open to the public, with the area anticipating population growth and increasing development pressures.

Ruidosa, Texas: El Corazon Sagrado de la Iglesia de Jesus

The more than century-old adobe church served as a refuge and place of worship for Mexican and Mexican American farming communities on both sides of the U.S.-Mexico border along the Rio Grande River. Vacant since the 1950s, the structure has benefited from continued restoration provided by the nonprofit Friends of the Ruidosa Church but remains threatened by proposed construction of a U.S. border wall that could come within a few hundred yards of the property.

Municipal offices observing holiday

Municipal offices observing holidaySMITH COUNTY – All non-emergency Smith County offices will be closed for business on Monday, May 25, for Memorial Day. Offices will reopen for normal business hours on Tuesday, May 26, and Commissioners Court will be held at the normal time, 9:30 a.m. on Tuesday. Find the meeting’s agenda here. Offices and services from City of Tyler are also altering schedules and hours in observance of Memorial Day. Continue reading Municipal offices observing holiday

Marshals apprehend murder suspect

Marshals apprehend murder suspectHENDERSON COUNTY – A Henderson County man who has been accused of killing his 84-year-old father was arrested in the Dallas area on Wednesday by U.S. Marshals. According to our news partner KETK, Henderson County Sheriff’s Office, deputies had been searching for Ronny Medford since May 12 after he was accused of killing his father inside their family home in Payne Springs.

An arrest warrant for murder was issued by a district judge for Medford following the death of his father.

“We have been working closely with the community and law enforcement agencies to locate Medford and it worked,” the sheriff’s office said.

Early voting through Friday

Early voting through FridaySMITH COUNTY – Early voting for the May 26 Primary Runoff Election runs Monday through Friday, May 18-22, 2026.

Statewide runoff races are on the ballot.
U.S. Senator, Attorney General, Railroad Commissioner and Court of Criminal Appeals, Place 3, Judge are on the Republican ticket. The Democratic ballot will have runoff races for U.S. Representative, District 1, Lieutenant Governor and Attorney General.

There are five early voting locations open from 7 a.m. to 7 p.m. Monday through Friday. Continue reading Early voting through Friday

Sisters in jail on drug charges

Sisters in jail on drug chargesHENDERSON COUNTY – A narcotics search warrant in Henderson County led to the arrest of two sisters and the discovery of several illegal drugs on Tuesday.

According to our news partner KETK, Henderson County Sheriff’s Office investigators conducted the search warrant in the 500 block of Williams Street and 3rd Streets in Athens at about 11:13 p.m. During the search, two sisters, Robyn Lynnette Dewberry and Unshella Reene Dewberry, were taken into custody.

Deputies found a quantity of suspected cocaine, methamphetamine, and marijuana while searching the house. Multiple digital scales and plastic baggies, which are commonly used in narcotics distribution, were also located.

Robyn was arrested for manufacturing, delivery of a controlled substance and possession of a controlled substance and Unshella was arrested for possession of a controlled substance. The sisters were transported to the Henderson County Jail and are awaiting arraignment.

Single Gen Z women outpace Gen Z men to homeownership

LOS ANGELES (AP) — Single Gen Z women are outpacing their male counterparts when it comes to buying a home.

They accounted for 35% of all homebuyers in their generation, while single Gen Z men represented 18%, according to survey data from the National Association of Realtors.

NAR surveyed people who bought a home between July 2024 and June 2025. The survey included homebuyers from several generations, from Gen Z, ages 18-26, to the Silent Generation, ages 80 to 100. No other generation had a bigger share of single women homebuyers than Gen Z.

The survey data are the latest sign that single women overall are becoming homeowners at greater rates than single men. Single women across the generations made up a quarter of all homebuyers in the July 2024-June 2025 period, according to NAR. Single men, meanwhile, accounted for 11% of all home purchases.

This has been a longstanding trend going back at least to 1981. In 2006, at the height of the mid-2000s housing boom, the share of homes bought by single women peaked at 22%, according to NAR. For single men, their share of homeownership peaked at 12% in 2010.

Experts say there is no one-size-fits-all answer to why across the generations single women outnumber single men as homeowners.

Women now are outpacing men in college attendance, which can lead to higher incomes, said Jessica Lautz, NAR’s deputy chief economist.

They tend to have a strong desire for homeownership as a way to secure their independence, something they historically could not easily do alone.

“It wasn’t until the 1970s where women were legally protected to have a mortgage on their own,” Lautz said. “And they have embraced this and been very strongly embracing this.”

Overall Gen Zers, which the survey defines as those born between 1999 and 2011, still only made up 4% of all homebuyers during the survey period. And at the time of the survey, the share of U.S. homes bought by first-time buyers of all ages sank to the lowest level on record going back to 1981.

First-time buyers often don’t have equity from a previous home to put toward a down payment. That was the situation for Bri LaFluer. After years of socking away half her pay, working two jobs and aided by a slowing housing market, she bought her own home in 2023 at the age of 24.

“I’ve always been a really independent person and I just wanted my own place to have peace and quiet by myself,” said LaFluer, now 27.

Her home search began in 2021, but historically low mortgage rates made the market ultra competitive, which turbocharged prices. Two years later she finally landed a house in Baldwinsville, N.Y., about 15 miles from Syracuse, that was built in 1900 and has three bedrooms and 1.5-baths and a big yard. She got it for $175,000.

“I feel like it was meant to be and this just ended up being the perfect house for me and my dogs,” she said.

A content creator for a video game company, LaFluer lived with her mom and paid a modest rent, which helped her save up faster for the $20,000 down payment.

Aspiring Gen Z homeowners face a number of challenges to affording a home: They’re typically just getting started in their careers, with their best income-earning years ahead. They are unlikely to be married and may have student loans to pay off.

Their median annual income of $76,000, as of 2024, also was the lowest compared to homebuyers from all other generations, according to NAR.

Years of soaring home prices have further stretched the limits of affordability. While home price growth has slowed and prices have fallen in many metro areas, prices are mostly still rising. The median U.S. home sales price stood at $417,700 last month, up 0.9% from a year earlier, according to NAR.

Still, Gen Z homebuyers are also more likely to receive financial help from family, and many are savvy about looking into community grants or other payment assistance programs for first-time homebuyers. And 1 in 10 tapped their 401(k) retirement savings plan to put toward their down payment, according to NAR.

Other home shoppers have no recourse but to save up on their own.

 

Band invited to 2028 London Parade

Band invited to 2028 London ParadeLONGVIEW – The Longview Independent School District band program is preparing for an international spotlight after the Longview High School Lobo Band was selected to perform in the prestigious London New Year’s Day Parade in 2028. The invitation-only event features thousands of performers from around the world and winds through the streets of Westminster in central London. More than 300 students from the Big Green Marching Machine, along with the Viewettes and Majorettes, are expected to represent Longview and East Texas on the international stage.

District officials announced on Tuesday during a surprise gathering at the Mickey Melton Performing Arts Center for current students in grades 7 through 10, who will be eligible to participate in the trip. Longview ISD Director of Bands and Director of Instrumental Music Rhonda Daniel said the opportunity reflects the dedication and discipline students have demonstrated for generations.

Daniel said performing in London will be a once-in-a-lifetime experience and a recognition of the band’s long-standing tradition of excellence. Continue reading Band invited to 2028 London Parade

An outcry erupts as a whale mural beloved by many in Dallas is replaced with art for the World Cup

DALLAS (AP) — As Dallas pulls out the stops for the World Cup this summer, one makeover is causing an uproar: the sudden disappearance of a beloved, giant mural downtown of swimming whales.

“I see that mural almost every day on my way to school and then one day they were painting it over,” Katy Rose Cusick said. “And it was just so incredibly shocking to me that that could happen so quickly.”

Work has been underway this month to paint over the mural that’s graced two entire walls of a parking garage for nearly 30 years to make way for art related to the upcoming World Cup matches. Wyland, the artist who created the mural, said in a statement that its destruction has left him “deeply disheartened.”

“When a piece that has carried meaning for generations can be erased without dialogue, it raises serious questions about how we value public art, artists, and the communities these works were created to serve,” Wyland said.

Cusick and Joshua Hurston, seniors at a local performing and visual arts high school, started a Change.org petition hoping to raise awareness to protect history and art. The petition has gotten hundreds of signatures so far, including from those with fond memories of spotting the mural as children.

“If we couldn’t save necessarily the mural, making sure that something like this doesn’t happen again,” he said.

A spokesperson for the area’s World Cup organizing committee said in a statement they were looking forward to “unveiling a new piece that captures this current historical moment and reflects the energy, unity, and global spirit surrounding the World Cup 2026,” adding that a “portion” of Wyland’s mural will be preserved “as a tribute to its lasting impact on the city.”

Dallas is hosting more World Cup matches than any of the other sites in the event co-hosted by the U.S., Canada and Mexico, with nine matches set to be played at AT&T Stadium in suburban Arlington, home of the Dallas Cowboys. The retractable roof venue will be called Dallas Stadium for the World Cup.

Downtown Dallas Inc. said in a statement that it was part of the early discussions about the mural and confirmed it wasn’t part of the city’s public art collection before introducing the World Cup organizing committee to the building’s owners. A spokesperson for the building’s owners, Slate Asset Management, said they were approached by Downtown Dallas Inc. and the organizing committee earlier this year about donating the wall for a new public art installation by a local artist.

The mural, titled “Whaling Wall 82,” was dedicated in 1999. Wyland has painted over 100 similar murals known as Whaling Walls around the world as part his mission for the conservation of ocean life.

“This was more than paint on a wall — it was part of my work, alongside the Wyland Foundation, to bring people together to protect our oceans and clean water,” he said.