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Harvard’s $9 Billion Battle With Trump Is Bad News for Massachusetts’ Economy

 

The university’s defiant stance threatens to jeopardize a broader ecosystem that thrives off its existence.
Harvard’s battle with the Trump administration will have far-reaching ramifications for the Massachusetts’ economy.Photographer: Mel Musto/Bloomberg

Harvard’s battle with the Trump administration will have far-reaching ramifications for the Massachusetts’ economy.Photographer: Mel Musto/Bloomberg

Harvard University’s decision to stand up to President Donald Trump sparked cheers from politicians across Massachusetts, but the resulting federal funding cuts risk imperiling the region’s primary economic engine.

Harvard on Monday refused to strike a deal with the Trump administration after threats to cut off as much as $9 billion in financial support, saying its demands went beyond the stated mission of combating antisemitism and threatened the school’s independence.

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Author: Editors Desk

Source: Bloomberg

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