By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Harvard, Trump close to $500 million payment to settle federal funding freeze, source says
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > Harvard, Trump close to $500 million payment to settle federal funding freeze, source says
Business

Harvard, Trump close to $500 million payment to settle federal funding freeze, source says

By Viral Trending Content 3 Min Read
Share
SHARE

Harvard University and the Trump administration are getting close to an agreement that would require the Ivy League university to pay $500 million to regain access to federal funding and to end investigations, according to a person familiar with the matter.

The framework is still being sorted out with significant gaps to close, but both sides have agreed on the financial figure and a settlement could be finalized in coming weeks, according to the person who spoke to The Associated Press on the condition of anonymity to discuss internal deliberations.

Harvard declined to comment.

The agreement would end a monthslong battle that has tested the boundaries of the government’s authority over America’s universities. What began as an investigation into campus antisemitism escalated into an all-out feud as the Trump administration slashed more than $2.6 billion in research funding, ended federal contracts and attempted to block Harvard from hosting international students.

The university responded with a pair of lawsuits alleging illegal retaliation by the administration after Harvard rejected a set of demands that campus leaders viewed as a threat to academic freedom.

Details of the proposed framework were first reported by The New York Times.

A $500 million payment would be the largest sum yet as the administration pushes for financial penalties in its settlements with elite universities. Columbia University agreed to pay the government $200 million as part of an agreement restoring access to federal funding, while Brown University separately agreed to pay $50 million to Rhode Island workforce development organizations.

Details have not been finalized on where Harvard’s potential payment would go, the person said.

The Republican president has been pushing to reform prestigious universities that he decries as bastions of liberal ideology.

His administration has cut funding to several Ivy League schools while pressing demands in line with his political campaign. None has been targeted as frequently or as heavily as Harvard, the richest U.S. university with an endowment valued at $53 billion.

More than a dozen Democrats in Congress who attended Harvard cautioned against a settlement on Aug. 1, warning the university it may warrant “rigorous Congressional oversight and inquiry.” Capitulating to political demands, they said, would set a dangerous precedent across all of higher education.

___

The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.

You Might Also Like

Rajiv Jain's GQG Partners hikes stake in 5 Adani Group companies in Rs 5,094-cr block deal

Macron in balancing act over Mercosur deal

The $38 trillion national debt ‘milestone’ and the accounting mirage

AT&T boosts wireless speeds in Colorado with new EchoStar spectrum

Crypto darling no more? Bitcoin drops from its high as market panics

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea
Share This Article
Facebook Twitter Copy Link
Previous Article Rain warning delays landmark trial of Hong Kong's rebel mogul Jimmy Lai
Next Article Growth fades in Europe: Is the recovery already running out of steam?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Experts are tipping XRP, Dogecoin and Remittix for a late November rally
Crypto
Dispatch Review – Company of Heroes
Gaming News
Rajiv Jain's GQG Partners hikes stake in 5 Adani Group companies in Rs 5,094-cr block deal
Business
World Cup fans could get US visa appointments fast-tracked – but entry still ‘not guaranteed’
Travel
What Binance’s Latest Partnership With BlackRock’s BUIDL Means For Crypto
Crypto
Today in History: November 18, Robert Blake ordered to pay $30 million in wife’s slaying
World News
Demonschool review: This Persona-like RPG needs remedial classes
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Experts are tipping XRP, Dogecoin and Remittix for a late November rally

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Experts are tipping XRP, Dogecoin and Remittix for a late November rally
November 18, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?