GOP's new midterm attack: Blaming Biden for formula shortage

Parents are suddenly running into bare supermarket and pharmacy shelves in part because of ongoing supply disruptions and a recent safety recall.

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value.

This Week in Texas Politics: Baby formula, vouchers, and Trump's visit to Austin

The temperature and the political rhetoric increased this week, especially in Texas politics. Rudy Koski and our panel of analysts take a look at the hot topics that dominated this week.

White House directs FDA to import more baby formula amid nationwide shortage

As a nationwide infant formula shortage continues, President Joe Biden announced steps Thursday that the federal government will take to try and ease the shortfall.

Austin-Travis County medics, city employees struggle to make ends meet

In investigating what constitutes a “living wage” here in Austin, FOX 7 has learned a push is under way to raise the city’s official living wage from $15 to $22 an hour. That would have a huge impact on city workers.

Biden sees a bigger role for US farms due to Ukraine war

President Biden vowed to help farmers try to ease a global spike in food prices as he visited a family farm and unrolled policies meant to increase harvests in ways that the administration believes could also help to reduce grocery bills at home.

ACL 2021 brought in more money than it ever has to Austin, Mayor Adler says

In 2021, $345 million is how much the event brought into Austin. That money went into all aspects of the economy, especially the hospitality industry.

New Braunfels holding lifeguard hiring event, offering $250 for hires

The on-the-spot hiring event for seasonal positions is scheduled for 9 a.m.-noon on Saturday, May 14. The starting salary is $12-$17 per hour, plus there’s a $250 hiring bonus.

Here's how much more you'll be paying for food in 2022, according to USDA estimates

The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.

Here are the top 25 most overvalued housing markets in the US

Homes in 97% of cities in America are overvalued, according to Moody’s Analytics, with the most overvalued markets seeing homes priced at 50% to 70% more than they’re worth. But how long will this last?

Pediatrician's plea to parents: Do NOT make your own baby formula

Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.

Some Austin restaurants forced to raise menu prices amid inflation

As the price of food continues to skyrocket, restaurant owners are having to raise their menu prices in order to continue making profit.