Elizabeth Rembert

New York

Municipal Finance Reporter at Bloomberg News

munis and higher ed for @business RTs = interesting, ≠ i agree native nebraskan, bet you haven't heard of my hometown! reach me: [email protected]

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Articles

Colleges Face ‘Existential’ Threat in Proposed IRS Rules on Race

1 week ago | news.bloomberglaw.com | Elizabeth Rembert |Amanda Albright |Simone Foxman

The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges to end slews of programs and practices benefiting students who are racial minorities. The Treasury Department is weighing a change to Internal Revenue Service policies to allow the revocation of tax-exempt status for colleges that consider race in student admissions, scholarships and other areas, Bloomberg News reported last week.
Colleges Face Major Tax Blow in Trump’s Proposed IRS Rules on Race

1 week ago | bloomberg.com | Elizabeth Rembert |Amanda Albright |Simone Foxman

The Widener Library on the Harvard campus in Cambridge, Massachusetts, on June 4. (Bloomberg) -- The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges to end slews of programs and practices benefiting students who are racial minorities.
Trump’s Higher-Ed Fight Comes for Public Schools in States That Voted for Him

1 week ago | bloomberg.com | Amanda Albright |Francesca Maglione |Elizabeth Rembert |Ann Choi

The Arizona State University campus in Tempe, Arizona. (Bloomberg) -- Arizona State University President Michael Crow is proud that his school is home to more international students — about 17,000 — than any other public institution in the US. Now, the pipeline for that cohort of students, who pay a premium to study at American universities, is under siege. More than 1,000 ASU students are waiting on visa interviews after a pause instituted by the Trump administration.
Penn Secures $500 Million in Lines of Credit After Trump Funding Risk

2 weeks ago | bloomberg.com | Amanda Albright |Elizabeth Rembert

The College Hall on the University of Pennsylvania campus in Philadelphia on Friday, Dec. 8, 2023. (Bloomberg) -- The trustees of the University of Pennsylvania has landed lines of credit totaling $500 million as Ivy League schools continue to face federal funding pressures from the Trump administration. The university entered into three separate agreements earlier this month, according to regulatory filings.
Closed NY College Has Warring Alumni Bidding for Its Future (1)

2 weeks ago | news.bloombergtax.com | Elizabeth Rembert

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Closed NY College Has Warring Alumni Bidding for Its Future (1)

2 weeks ago | news.bloomberglaw.com | Elizabeth Rembert

Two competing groups of alumni have launched bids to buy back their shuttered college. — established in 1868 by and founder Henry Wells — closed its doors last year, prompting questions about the fate of its campus in upstate New York. A mix of alumni jumped into the bidding pool to purchase the 127-acre campus on the shores of Cayuga Lake. One group is offering $10 million, with the stipulation that it would tack on $500,000 to the highest proposal, while another bid $11 million.
Shuttered NY College Has Alumni Fighting Over Its Future

2 weeks ago | bloomberg.com | Elizabeth Rembert

Students walk in the campus at Wells College in Aurora, NY. (Bloomberg) -- Two competing groups of alumni have launched bids to buy back their shuttered college. Wells College — established in 1868 by Wells Fargo and American Express founder Henry Wells — closed its doors last year, prompting questions about the fate of its campus in upstate New York. A mix of alumni jumped into the bidding pool to purchase the 127-acre campus on the shores of Cayuga Lake.
Shuttered NY College Has Warring Alumni Bidding for Its Future

2 weeks ago | news.bloomberglaw.com | Elizabeth Rembert

Two competing groups of alumni have launched bids to buy back their shuttered college. — established in 1868 by and founder Henry Wells — closed its doors last year, prompting questions about the fate of its campus in upstate New York. A mix of alumni jumped into the bidding pool to purchase the 127-acre campus on the shores of Cayuga Lake. One group is offering $10 million, with the stipulation that it would tack on $500,000 to the highest proposal, while another bid $11 million.
BlackRock Sees Muni Buying Opportunity Ahead of Strong Season

2 weeks ago | bloomberg.com | Elizabeth Rembert

Construction on a high-speed rail project in Kings County, California. (Bloomberg) -- BlackRock Inc. strategists say it’s time to buy municipal bonds as supply is ample and prices are favorable ahead of the summer. Munis have weathered a number of challenges including rising interest rates, tariff chaos, US deficit concerns, a hawkish Federal Reserve and the US losing its last top credit rating, according to strategists led by Patrick Haskell in a Tuesday note.
Long-End Muni Bonds Offer Cheap Entry Point as Supply Surges

2 weeks ago | news.bloomberglaw.com | Elizabeth Rembert

For municipal investors willing to overlook performance concerns, long-dated bonds may offer a cheap entry point into the US state and local debt market as macroeconomic headwinds drag on returns. Yields on 30-year, top-rated munis stood at about 92% of comparable Treasury rates as of Monday, data compiled by Bloomberg show. State and local debt typically trades at a discount to Treasuries due to its tax-exempt interest.