Trump says his administration is revoking Harvard's tax-exempt status

Washington — President Trump said Friday his administration will be rescinding Harvard University's tax-exempt status, further escalating the ongoing feud with the Ivy League school.

"We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve!" the president said in a post to Truth Social.

Mr. Trump did not provide further details about the effort to strip Harvard of its designation as a 501(c)(3) organization, but he has floated taking such a step as recently as last month.