Venezuelan President Hugo Chavez has died after a long battle with cancer, Vice President Nicolas Maduro said Tuesday.
In a national broadcast, Maduro said Chavez died Tuesday at 4:25 p.m. (3:55 p.m. ET).
Texas is expected to be hit hard by forced budget cuts that went into effect Friday.
85-billion dollars will be trimmed from federal budgets over the next seven months, much of it from defense spending.