Web Exclusive: People struggling to pay bills moving to suburbs - KYTX CBS 19 Tyler Longview News Weather Sports

Web Exclusive: People struggling to pay bills moving to suburbs

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  • Web Exclusive: Ultra HD TVs

    Web Exclusive: Ultra HD TVs

    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
  • Web Exclusive: A product to help keep sharks away on sale

    Web Exclusive: A product to help keep sharks away on sale

    Monday, July 28 2014 9:40 AM EDT2014-07-28 13:40:46 GMT
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
  • Web Exclusive: Back to School costs really add up

    Web Exclusive: Back to School costs really add up

    Friday, July 25 2014 9:14 AM EDT2014-07-25 13:14:59 GMT
    Before you know it, fall will be here and it will be time to go back to school.  For parents that means stocking up on notebooks, number two pencils, and back to school clothes, all of which usually take a big chunk out of a family's budget.  So, just how much do parents will pay to send their kids off to school this year?More >>
    Before you know it, fall will be here and it will be time to go back to school.  For parents that means stocking up on notebooks, number two pencils, and back to school clothes, all of which usually take a big chunk out of a family's budget.  So, just how much do parents will pay to send their kids off to school this year?More >>

(CBS/CNN) - If you're a gamer, today is a big day.  Microsoft will unveil its next-generation XBOX console today. The big announcement takes place at its headquarters in Redmond, Washington. There's plenty of speculation swirling on what new features it will include. Microsoft debuted the XBOX 360 in 2005.  It's been the top-selling video-game console in the U.S. for the past 28 months.  Microsoft no doubt wants to continue that success with its next-generation XBOX.


Apple CEO Tim Cook will testify before a senate subcommittee today.  This comes a day after an investigation into Apple's offshore tax structure found the computer giant employs a group of affiliate companies outside the united states to dodge paying billions of dollars in U.S. income taxes.  Many other multi-national corporations use similar techniques.  The report is raising questions about the loopholes in the U.S. tax code.

As the U.S. Treasury faces the very real prospect of defaulting on the national debt.  Treasury Secretary Jacob Lew says he will buy more time by tapping into two government employee retirement funds.  The money will be replaced with interest until lawmakers vote on whether or not to raise the debt limit.  

A new report shows more people-- who are struggling to pay their bills-- have moved to the suburbs.  According to the Brookings Institution, poverty soared 67% in the nation's suburbs from 2000 to 2011.  Nearly 16 and a half million suburban residents are now living below the poverty line, about 3 million more than in the cities.  The report suggests affordable housing and growth in lower paying service sector jobs convinced many poor people to leave the city for the suburbs.

 

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