Harvard has an endowment of over $50 billion. So why do federal cuts of a few billion matter?

Business

CNN  —  Harvard University’s finances have become the latest target of the Trump administration – and experts say the hits could hurt. In the past week, the administration has threatened Harvard University’s funding from multiple angles: freezing billions in federal funds , and potentially revoking its non-profit tax status and its ability to enroll foreign students. More than $2.2 billion in federal grants and contracts have been frozen and even more could be siphoned away if the other

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