Harvard says it didn't get small-business aid, contrary to Trump's claim

Harvard says it didn’t get small business aid after Trump threat

Harvard University denied Tuesday that it received funding through the Paycheck Protection Program for small businesses grappling with the coronavirus crisis, after President Trump told reporters he planned to force the school to pay back federal assistance.

Treasury Secretary Steven T. Mnuchin said Tuesday that the program wasn’t intended for publicly traded companies that had other ways to access funding and that his department would be issuing guidelines soon in an effort to get corporations that did receive funds to give back the forgivable loans to the federal government.

“They shouldn’t be taking it,” Trump said. “When I saw Harvard — one of the largest endowments anywhere in the country, maybe the world, and they are going to pay back that money.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Organization Asks Trump Administration for Leniency on D.C. Hotel LeaseTrump’s business has asked the administration to suspend rent payments for the Trump International Hotel in D.C., creating obvious ethical concerns.
Read more »

Trump Hotel Asks President Trump for a Rent ReductionAcross the country, and no doubt around the world, many are asking their landlords for a bit of leniency in these unprecedented and perilous times. But very few of those begging mercy of property owners have the luxury of owning the very property they need a rent break on, which sure does sound like an ideal situation.\n
Read more »

NYT: Trump family seeks rent break for DC hotel from Trump administrationThe Trump family business is asking the federal government to give President Donald Trump's hotel in Washington, DC, a break on its monthly lease payments during the coronavirus pandemic, The New York Times reported Tuesday.
Read more »

House oversight chair demands Trump administration not grant relief to Trump Organization amid pandemicThe Trump International Hotel in Washington, D.C., which sits on property owned by the government, has reportedly been seeking to alter monthly payments in its lease arrangement.
Read more »

The Trump Organization Is Hoping the Trump Admin Will Give It a Break on RentHopefully the company knows someone on the inside.
Read more »