Sen. Phil Gramm and his spokesmen quickly tried to extinguish rumors on Capitol Hill last week that the Banking Committee chairman is about to become chancellor of the Texas A&M University System or president of its lead school in College Station.

In typical fashion, the Texas Republican used humor to deflate rampant speculation that he is ready to trade rough-and-tumble politics for the ivory tower.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.