Perry Sworn In for Unprecedented Third Term

AUSTIN, TX (AP) -   Texas Gov. Rick Perry has taken the oath office for an unprecedented third full term.

Perry begins perhaps his most tumultuous stint as governor as the state faces a massive budget shortfall. Corporate donors and wealthy Texans are picking up the $2 million tab for the 2011 inaugural, but the pomp is being scaled to strike a more austere tone during tough economic times.

Perry portrayed his state as a model for the nation, saying historians will call it the "Texas Century."

State lawmakers looked on during the brief ceremony on a cloudy and chilly morning, where Lt. Gov. David Dewhurst was also sworn in.