Republicans eyeing vast billions in university endowments for new taxes

Colleges and universities across America have an estimated $837 billion stashed away for a rainy day if they want, in their endowments.

And Republicans in Congress are eyeing that trove as a possible source for tax revenue for the nation.

Reports say that Harvard alone has about $49 billion stashed away, and the University of Texas some $45 billion.

But members of the GOP have talked about raising the tax on those assets significantly, to help bring in revenue to balance the...