Latest news with #federal funding
Bloomberg
3 hours ago
- Politics
- Bloomberg
Columbia University to Pay $221 Million to End Trump Clash
Columbia University reached a landmark deal with the Trump administration to restore federal funding for research, easing a crisis that has rattled the school's finances and upended its leadership. The Ivy League school will pay a $200 million penalty over three years to resolve multiple civil rights investigations, clearing the way for the reinstatement of the majority of more than $400 million in canceled grants and contracts, as well as access to billions of dollars in future grants. Columbia will pay another $21 million to settle claims that Jewish faculty and staff faced unlawful workplace discrimination following the October 2023 Hamas attack on Israel, according to the agreement. Bloomberg's Janet Lorin reports. (Source: Bloomberg)
Bloomberg
19 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
19 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
19 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
20 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.
