Federal Funding
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Michelle Norris on PBS and NPR funding cut
MSNBC· 2025-08-09 16:19
Funding & Financial Impact - Corporation for Public Broadcasting (CPB) is planning to close in January 2026 after losing federal funding [1] - Smaller public radio stations, especially in rural communities, heavily rely on federal funding and will face significant challenges [1][2] - Larger, more popular shows receive a small percentage of their funding from the federal government, while smaller stations will suffer more [2] - Public broadcasting is relying on public donations, foundations, and deep-pocketed donors to stay afloat [5] Programming & Community Impact - Public broadcasting provides diverse programming, including local fishing shows, serving various constituencies [3][4] - Loss of federal funding may lead to the disappearance of local programs serving specific community interests [4] - Public may need to step up to save public broadcasting [5]
X @Bloomberg
Bloomberg· 2025-08-07 15:06
Trump will sign an executive action requiring colleges and universities receiving federal funding to offer greater admissions data transparency https://t.co/m6DbbfkDGq ...
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Bloomberg· 2025-08-04 14:40
Funding Pressure - US colleges face strain from lost and frozen federal funding [1] - A growing number of wealthy US colleges capitulate in battles with the Trump administration [1] Negotiation - The funding pressure is putting pressure on the remaining holdouts to cut a deal [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-01 18:22
The Corporation for Public Broadcasting will close shop, it says, after Congress canceled its federal funding and a key committee didn’t include any new funds in a bill https://t.co/mjIk0BUfwi ...
Brown University reaches deal with Trump admin to restore federal funding
MSNBC· 2025-07-31 21:30
Settlements & Agreements - The agreement with Brown University involves a $50 million settlement to be paid over 10 years to state workforce development organizations, in addition to a $21 million fine [1][6] - This contrasts with the Colombia agreement, which involved $200 million paid directly to the United States [1][6] - The Brown agreement is nine pages long, while the Colombia agreement is 22 pages long, highlighting differences in specificity [4] - Unlike some settlements reached by the Trump administration with major law firms, the university agreements are formalized in writing [4][5] Key Differences in Agreements - The Colombia agreement includes specific language preventing federal government interference in faculty hiring or admissions, while the Brown agreement has a simpler promise to avoid interfering with academic speech and curricular choices [2] - Brown's settlement focuses on workforce development, potentially to benefit the people of Rhode Island, given the allegations of discrimination against Jewish and transgender students [6][7] - Brown avoided naming an outside monitor, unlike the Colombia agreement, which Harvard may be considering as a red line in their negotiations [7] Harvard Negotiations - Harvard is reportedly in talks for a potential deal involving approximately $500 million [10][13] - Harvard's board of overseers will likely compare their potential deal to those of Brown and Colombia to identify the most favorable terms [11][12] - The outcome of Harvard's negotiations may be influenced by their significant receipt of federal research grants [13] Broader Implications - According to an Axios analysis, President Trump has extracted over $1.2 billion in settlements from entities in tech, media, law, and higher education [15] - Some critics are characterizing these settlements as "legalized extortion" by the federal government [15] - Some settlements, such as the one with CBS Paramount, involve money going to Trump's personal causes, rather than the federal government [16]
How Trump Took on the World's Richest College
Bloomberg Originals· 2025-07-25 08:01
Financial Risks & Challenges - The Trump administration's actions, including revoking federal research grants, could lead to a billion-dollar budget shortfall for Harvard annually [11] - The federal government revoked approximately $2.6 billion in federal research grants [5] - A tax on endowments was initially 1.4% of net investment return but was raised to as high as 8% [9] - Harvard's tax benefits were valued at least $465 million in 2023 [11] Harvard's Financial Status - In 2024, $686 million, equivalent to 11% of Harvard's operating revenue, originated from federal research grants [6] - Harvard's endowment is $53 billion, but most of it is earmarked for specific causes and illiquid investments [7][8] Political & Social Issues - The Trump administration is using federal government leverage to extract concessions from Harvard, setting an example for higher education [3] - The administration has subpoenaed data on Harvard's international students, with 27% of all students at Harvard being international students [12][13] - Harvard faced criticism regarding anti-semitism on campus after the Israel-Hamas conflict, leading to the resignation of its president [16][17][18] Harvard's Response & Stance - Harvard is fighting back against the Trump administration, including suing to challenge the freezing of federal grants and efforts to ban international student enrollment [24][25] - Harvard argues that the administration's fight is about exerting control over the university rather than encouraging diversity of viewpoints [19] - Harvard is pushing back against government demands, asserting that no government should dictate what private universities can teach, whom they can admit and hire, and which areas of study they can pursue [19]
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Bloomberg· 2025-07-24 21:40
Government Spending Cuts - The US President signed a $9 billion package of spending cuts [1] - The package ends federal funding for public broadcasters [1] - The package reduces foreign aid [1]
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Bloomberg· 2025-07-22 20:03
Columbia University took disciplinary action against dozens of students involved in campus protests as the school negotiates with the Trump administration to restore federal funding https://t.co/j70ertFRvq ...
Federal judge calls DOJ’s arguments ‘mind-boggling’ in lawsuit against Harvard
NBC News· 2025-07-21 22:01
Legal & Funding Dispute - The judge described the case as "mind-boggling," focusing on the lack of clarity regarding who at Harvard is accused of anti-Semitism [1] - Harvard acknowledges isolated incidents of anti-Semitism and has taken steps to address them, but disputes the need for a $2 billion reduction in funding [2] - A summary judgment is expected, potentially lengthy (80-90 pages), but either the administration or Harvard could appeal the decision [3] Financial Impact on Harvard - As of May 1st, Harvard faces a $2.2 billion loss in federal funding for grants and a $60 million loss in year-by-year contracts [4] - The funding cuts impact various research areas, including cancer, infectious diseases, neurological research, and technology upgrades [4] Broader Implications for Universities - The funding cuts extend beyond Harvard, affecting collaborating universities and businesses in the Boston area [5] - The Trump administration's actions are interpreted as micromanaging universities, threatening funding for non-compliance [7] - Other research universities like UVA are closely watching the case, as a similar issue on their campus could lead to significant funding losses [6][7]