Harvard University filed a federal lawsuit Monday against the Trump administration, according to Bloomberg. The university accused the administration of unlawfully freezing over $2 billion in research funding and threatening nearly $1 billion more after the school rejected demands to overhaul policies on governance, hiring, and diversity. The lawsuit claims the government’s actions are unconstitutional and exceed its authority. Trump escalated the confrontation by threatening Harvard’s tax-exempt status and accusing the university of allowing antisemitic activity.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Harvard University filed a federal lawsuit Monday against the Trump administration, according to Bloomberg.
00:07The university accused the administration of unlawfully freezing over $2 billion in research funding
00:12and threatening nearly $1 billion more after the school rejected demands to overhaul policies on governance, hiring, and diversity.
00:20The lawsuit claims the government's actions are unconstitutional and exceed its authorities.
00:25Trump escalated the confrontation by threatening Harvard's tax-exempt status
00:29and accusing the university of allowing anti-Semitic activity.
00:33For all things money, visit Benzinga.com slash GSTV.