Trump’s feud with Harvard has fueled a ‘wealth spiral effect’ that could spook ultra-wealthy Boston residents into spending less, policy expert says

Quick Summary:

Threats to freeze funding and revoke the storied university’s tax-exempt status may create a self-fulfilling prophecy of a spending pullback.

The administration’s cuts have threatened to imperil critical medical research and rattle the job security of staff and faculty hired with university investment funds.

Escalating the dispute further, Trump threatened to pull an additional $1 billion in health research funding, the Wall Street Journal reported Sunday.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United States

Topics: Colleges and Universities Donald Trump Federal Funding Boston

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 11:22:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 772 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 193 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28145810

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Official Website: fortune.com

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