Latest news with #federal funding
Bloomberg
11 hours ago
- Business
- Bloomberg
Columbia Agrees to $200 Million Fine to Settle White House Fight
Columbia University reached a deal with the Trump administration to restore federal funding for research, easing a crisis that has strained the school's finances and upended its leadership. The school will pay a $200 million fine 'to settle claims related to discriminatory practices, marking a significant win for accountability in academia,' a senior White House official said on Wednesday.
CNN
12 hours ago
- Business
- CNN
Columbia agrees to pay $200 million in deal with Trump administration to restore federal funding
Columbia University announced on Wednesday that it has reached a deal with the Trump administration, following months of negotiation to restore federal funding to the school. Under the terms of the agreement, Columbia agreed to pay the government a $200 million settlement over three years and an additional $21 million to settle US Equal Employment Opportunity Commission investigations. In exchange, the university said in its statement, 'a vast majority of the federal grants which were terminated or paused in March 2025—will be reinstated and Columbia's access to billions of dollars in current and future grants will be restored.' This is a developing story and will be updated.
CNN
12 hours ago
- Business
- CNN
Columbia agrees to pay $200 million in deal with Trump administration to restore federal funding
Columbia University announced on Wednesday that it has reached a deal with the Trump administration, following months of negotiation to restore federal funding to the school. Under the terms of the agreement, Columbia agreed to pay the government a $200 million settlement over three years and an additional $21 million to settle US Equal Employment Opportunity Commission investigations. In exchange, the university said in its statement, 'a vast majority of the federal grants which were terminated or paused in March 2025—will be reinstated and Columbia's access to billions of dollars in current and future grants will be restored.' This is a developing story and will be updated.
Washington Post
12 hours ago
- Politics
- Washington Post
Trump administration reaches deal with Columbia University
Columbia University and the Trump administration have agreed to resolve a dispute over federal funding, sources with knowledge of the agreement said Wednesday evening. For months, Columbia has been in the Trump administration's crosshairs. It was the first to be singled out in the administration's push to compel universities to adopt its agenda on issues including antisemitism and diversity initiatives.
CBC
a day ago
- Business
- CBC
Toronto has 6 months to meet terms of housing agreement with Ottawa, minister says
Toronto has six months to meet the terms of a housing agreement with Ottawa, the federal housing minister said — a deadline that comes as the city risks losing $30 million in federal housing funds. Minister Gregor Robertson said it was "disappointing" that Toronto city council voted against allowing sixplexes citywide last month, which was a key condition of its deal with the federal government. "We need Toronto, as the biggest city in Canada, to be really leading the charge in solving the housing crisis we have," Robertson said in an interview with CBC Radio's Metro Morning on Wednesday. Robertson did not say whether Toronto risks losing some of the federal funding it was promised if it sticks to its sixplex plan, but he said the government will review its agreement with the city in January. He said he sent a letter to Toronto Mayor Olivia Chow this week that lays out these terms. "We've got six months ahead of us to sort this all out," he said. "Certainly, my expectation is that Toronto will respect the agreement and the commitments that they came up with, and we're going to see that delivered." CBC Toronto has reached out to the city for comment. Toronto on track to meet housing goal, Chow says Toronto city council voted in June to allow sixplexes in only nine wards and give other wards the chance to opt-in. In his letter to Chow, provided to CBC Toronto, Robertson wrote he was disappointed about the decision, which he wrote "goes against the level of ambition that was committed to in our Housing Accelerator Fund Agreement by the City of Toronto." "I will underscore the possibility of reduced funding if the City of Toronto does not present solutions that ensures the spirit of the agreement is met," reads the letter from Monday. In March, then-federal housing minister Nate Erskine-Smith warned Chow that any deviation from a citywide policy permitting sixplexes would result in 25 per cent less federal funding. That amounts to almost $30 million of the total $118 million that Ottawa has pledged annually to Toronto from its Housing Accelerator Fund, a program that provides incentive funding for cities to build more homes. Chow responded to Robertson's letter on Wednesday, writing the city is on track to exceed its target of building 60,980 homes over the course of the three-year agreement with Ottawa. "We are making progress on multiple fronts: zoning, building, cutting red tape, and protecting existing homes," she wrote in the letter, obtained by CBC Toronto. Chow wrote she has added a motion to city council's meeting on Wednesday to waive development charges for sixplexes "to make these projects more financially viable and easier to build." Some residents had opposed building sixplexes in Toronto at a city planning and housing committee meeting held in June before the council vote. One resident said multiplexes have caused many issues, including problems related to parking and privacy. Robertson told Metro Morning there is "a lot of misinformation" about sixplexes, which he called relatively gentle density.
