Harvard University said on Tuesday it has no plans to return an $8.6 million federal government check it had received to mitigate the financial impact of the coronavirus outbreak — rejecting President Donald Trump’s earlier demand that it return the payment.
At Tuesday’s White House coronavirus briefing, Trump said that in light of Harvard’s $41 billion endowment, he would be seeking a repayment of the stimulus grant, which he suggested came from a federal fund for small businesses.
“I want Harvard to pay that money back, OK? If they won’t do that, we won’t do something else,” said Trump.
“They have to pay it back, I don’t like it. This is meant for workers, this isn’t meant for one of the richest institutions […] in the world. They got to pay it back.”
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Article URL : https://www.businessinsider.com/harvard-keeping-stimulus-check-trump-wants-back-2020-4