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.
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