President Donald Trump says Harvard University will be stripped of its tax-exempt status — redoubling an extraordinary threat that the Ivy League school’s president is pushing back against.

Does President Trump have the authority to do this on his own? He does not. And there is federal law that prevents the president from directing the IRS to take specific tax

President Donald Trump on Friday renewed his threat to take away Harvard's tax-exempt status. "We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve," Trump wrote in a post to his conservative social media platform.

WASHINGTON—President Trump proposed slashing more than $160 billion from projects that support renewable energy, education and foreign aid, kicking off a budget fight with Democrats reluctant to pare back federal spending and Republicans eager to boost funding at the Pentagon.

The president’s $1.7 trillion discretionary budget blueprint would cut $163 billion for the 2026 fiscal year, offering an outline of his vision for Washington and dramatically curtailing the role and reach of the federal government.

U.S. President Donald Trump's administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending on education, housing and medical research next year, while increasing outlays for defense and border security.