00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump administration has formally asked the IRS to revoke Harvard University's tax-exempt status.
00:07The request filed a social media post by Trump, accusing the school of promoting what he called
00:11political, ideological, and terrorist-inspired or terrorist-supporting sickness, according to The Hill.
00:18The request was set on Wednesday by the Treasury Department to the IRS's acting chief counsel.
00:23It comes after Harvard declined to comply with new federal requirements tied to over
00:27$2 billion in grant funding.
00:30The university also risks losing nearly $9 billion more in federal support over its refusal
00:35to cut diversity programs and screen international students for ideology.
00:39For all things money, visit Benzinga.com slash GSTV.
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