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.”
Like they really need the money?
Cares aid, but taxpayers still footing the bill. Makes no sense considering Harvard has a 40 BILLION ENDOWMENT. Check out cvpayne page. He ripped Harvard a new one on IngrahamAngle last night.
Good. Shut it down.
Poor Harvard :(
It was CARES aid.
swamp