This article reports that Congress is cranky about how colleges spend money. Over the last three years, regulation-minded lawmakers have investigated university endowments, intercollegiate athletics, and presidential pay, but that grilling has largely ceased. A presidential election has dulled legislative ambitions, and Congress has its hands full…

Skepticism among lawmakers in Congress that colleges are adequately trying to control costs may hinder legislation that would extend tax breaks for higher education, according to the chairman of the influential Senate Finance Committee. Senator Max S. Baucus said skepticism on Capitol Hill has been fueled by anger over multimillion-dollar coaches'…