Trump directs federal agencies to cancel Harvard contracts
Trump directs federal agencies to cancel Harvard contracts
The White House is directing federal agencies to cancel all remaining contracts with Harvard University – about $100 million in all, two senior Trump administration officials told CNN – the latest barb against the school as it refuses to bend to the White House's barrage of policy demands amid a broader politically charged assault on US colleges.
01:15 - Source: CNN
Vertical Politics of the Day 17 videos
Trump directs federal agencies to cancel Harvard contracts
The White House is directing federal agencies to cancel all remaining contracts with Harvard University – about $100 million in all, two senior Trump administration officials told CNN – the latest barb against the school as it refuses to bend to the White House's barrage of policy demands amid a broader politically charged assault on US colleges.
01:15 - Source: CNN
Iran's Foreign Ministry on progress of Iran-US talks
Iran's Foreign Ministry spokesperson Esmaeil Baqaei gave an exclusive interview to CNN's Fred Pleitgen on the progress of continuing nuclear talks with the US. Baqaei told CNN that any attempt by the Trump administration to 'deprive' Iranians of their right to nuclear energy would be 'very problematic'. But he also said that there were many ways to come to a compromise. Iran and the United States concluded a fifth round of talks in Rome on Friday.
01:16 - Source: CNN
Trump: 'I don't know what the hell happened to Putin'
Speaking to reporters before boarding Air Force One in Morristown, New Jersey, President Donald Trump said that he was 'not happy with what Putin is doing', after Moscow launched its largest aerial attack of its three-year full-scale war on Ukraine overnight.
00:50 - Source: CNN
Trump visits Arlington National Cemetery on Memorial Day
President Donald Trump honors fallen service members at Arlington National Cemetery on Memorial Day.
00:27 - Source: CNN
Johnson pressed on Medicaid cuts in spending bill
CNN's Jake Tapper asks House Speaker Mike Johnson about who will lose Medicaid under President Donald Trump's 'big, beautiful bill'. Johnson defends the proposed cuts and argues the changes target "waste, fraud and abuse."
01:30 - Source: CNN
Is the U.S. on the brink of fiscal crisis?
President Trump's economic agenda is expected to add nearly $4 trillion to the US national debt. CNN's Phil Mattingly breaks down what that could mean for the economy.
01:48 - Source: CNN
Trump says Apple will face tariffs if it doesn't make iPhones in US
President Donald Trump told reporters Apple and other cell phone manufacturers will face 25% tariffs unless they manufacture their products in the US during an event interrupted by Trump's own iPhone ringing multiple times.
01:11 - Source: CNN
Trump hosts lavish dinner for meme coin investors
More than 200 wealthy crypto bros gathered for a private event at President Donald Trump's golf club just outside Washington, DC, on Thursday night — dining on filet mignon and halibut while the president stood at a podium regaling them with tales of his 2024 victory.
01:33 - Source: CNN
Museum programs like this one could be history after Trump's cuts
CNN's Sunlen Serfaty visits the Museum of African American History in Boston, which has been impacted by the Trump administration's cuts to funding for the arts.
01:16 - Source: CNN
Reuters: Trump shows an image from Congo, not South Africa
President Donald Trump showed an image alleging the murder of white farmers in South Africa, but it was actually an image from the Democratic Republic of Congo, according to Reuters. The incident happened at Wednesday's Oval Office meeting with South African President Cyril Ramaphosa. CNN's Larry Madowo reports.
01:12 - Source: CNN
RFK Jr. walks back timeline for determining what causes autism
CNN's Kaitlan Collins asks Health and Human Services Secretary Robert F. Kennedy Jr. about his plans to commission a study to find the cause of autism by September.
01:14 - Source: CNN
Body language expert offers her advice on how to approach Trump
In the wake of the White House's Oval Office ambush of South African President Cyril Ramaphosa, body language expert Susan Constantine tells CNN's Max Foster that being an active listener is key for any future leader's meeting with President Donald Trump.
01:36 - Source: CNN
Inside the GOP negotiations to pass Trump's agenda bill
CNN's Manu Raju breaks down how President Trump and House Republican leadership managed to win the support of a key bloc of conservative hardliners to pass Trump's agenda bill, and looks ahead to the obstacles the bill may face in the Senate.
02:26 - Source: CNN
Republican warns of increasing debt hours before Trump's bill passes
House Republicans passed President Donald Trump's sweeping tax and spending cuts package early this morning. During a House floor debate in the early hours of Thursday morning, Rep. Thomas Massie (R-KY) strongly criticized the bill. The nonpartisan Congressional Budget Office estimates that Trump's bill will add $3.8 trillion to US debt.
00:49 - Source: CNN
See moment House Republicans passed a major part of Trump's agenda
House Republicans passed President Donald Trump's sweeping tax and spending cuts package, marking a stunning victory for both Johnson and Trump after the bill appeared doomed just days earlier
00:52 - Source: CNN
Comey discusses meeting with Secret Service amid social media controversy
Following public criticism of his controversial Instagram post, former FBI Director James Comey discusses his meeting with the Secret Service with CNN's John Berman.
01:45 - Source: CNN
Inside Capitol Hill as Trump pushes Republicans to pass his 'Big Bill'
President Donald Trump appealed to House Republicans Tuesday amid party infighting as hardliners resist Trump's 'Big Beautiful Bill'. Republican Speaker Mike Johnson dodged questions from CNN's Manu Raju and a gaggle of press in the House gallery, an uncharacteristic move he blamed on the 1:00 am deadline looming over his subcommittee, a decision that ultimately defines how and when this legislation moves forward.
03:27 - Source: CNN
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Forbes
28 minutes ago
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As Harvard Struggles, For-Profit Colleges Are Poised To Flourish Under Trump
Most trade schools in the United States are for-profit. Amid his ongoing assault on elite 'woke' colleges, President Donald Trump mused Monday that he might redirect some of Harvard University's now suspended federal funding to trade schools—institutions he championed through both campaigns and in his previous term. 'I am considering taking Three Billion Dollars of Grant Money away from a very antisemitic Harvard, and giving it to TRADE SCHOOLS all across our land,' Trump wrote on Truth Social. 'What a great investment that would be for the USA, and so badly needed!!!' Trump doesn't appear to have the legal power to reroute the $3 billion on his own—these are dollars appropriated by Congress for research and it would presumably be up to Congress to redirect them to trade schools. But if there were ever a time he'd get GOP support for such a move, it could be now. Most trade schools are for-profit. And both trade schools and the broader for-profit higher education sector—which has a history marred by fraud, abuse and controversy—seem poised to thrive under Trump and a Republican Congress. The House-passed 'big, beautiful bill' includes several wins for for-profit education, including the repeal of regulations that limited student loans for some for-profits and a new workforce Pell grant option that opens up this federal aid for lower income students to shorter duration workforce training programs. Trump has plans to overhaul the accreditation process, which could make it faster and easier for for-profit schools to gain access to federal aid for their students. And the for-profits will also have a sympathetic ear at the Department of Education: Nicholas Kent, Trump's nominee as under secretary of education, the government official overseeing higher education, is the former chief policy officer and a lobbyist for Career Education Colleges and Universities, the for-profit trade association. (His nomination is awaiting a Senate floor vote after Republicans pushed it through the Committee on Health, Education, Labor and Pensions last week by a party line 12-11 vote.) Investors certainly believe Trump will be good for the for-profit schools. After he was elected in November, the sector's stocks rallied, says Jeffrey Silber, a senior analyst in BMO Capital Markets Equity Research. For example, Adtalem Global Education (which runs colleges, medical schools and a veterinary school) has seen its stock rise 61% since Trump was elected, including a 9% jump the day after. The stock of Perdoceo Education Corporation, which owns for-profit universities and technical schools, is up 46%, including an 11% jump the day after the election. In a statement, the CECU (nominee Kent's old organization) applauded Trump's suggestion to reroute Harvard dollars and his 'continued focus on career education.' It added: 'The best way to support trade schools is to reduce the regulatory burden facing private career schools while increasing funding that allows students interested in the trades to choose the highest quality school.' Congress appears to be doing just that. As it stands, in the House-passed tax and budget bill (H.B. 1, now formally named the One Big Beautiful Bill Act), the new workforce Pell grants would be available for students without graduate degrees who are enrolled in 8-week to 15-week workforce training programs. There would be some limits—correspondence courses which require students to mail in assignments are excluded, and eligible programs must be state-approved, though, notably, they don't need to be accredited. Previous versions of the legislation included quality assurance benchmarks, but H.B. 1 includes only watered-down versions of those, says Michelle Dimino, director of the education program at the public policy think tank Third Way. Eligible programs must show a 70% completion rate—a low bar for short-term programs—and a 70% job placement rate for graduates. Both metrics are easily gamed, Dimino says. 'We've seen instances where predatory colleges would employ their own former students to make sure that they showed up in a job at the time when the job placement rate was going to be calculated,' she says. 'Sometimes colleges might look for students who are already employed right as a target audience because they know that they'll do good on a job placement measure.' A gold-standard measure for program outcomes is the post-graduate earnings boost. In other words, how much more money graduates with the credential earn than a typical high school graduate. On this measure, for-profits largely fail, says Michael Itzkowitz, founder and president of The HEA Group, a college access consultancy. According to his research, which uses federal education data, 59% of certificate-granting institutions leave graduates earning less than $32,000 a year—a typical high school graduate salary—even 10 years after they enroll. 'Throwing money at these schools blindly is really a poor bet, nor is it an effective or efficient use of taxpayer dollars,' says Itzkowitz, who in 2015, while at the Department of Education, rolled out The College Scorecard, the largest-ever release of federal education data. New money will likely bring new programs, Dimino predicts. 'There's a lot of incentive then for [short-term credential] providers to come into the space to try to capture some of those dollars,' she says. 'So you could have a random private bootcamp company that can just prop up a lot of very short-term credentials and tap into Pell funding even if they haven't gone through the accreditation process.' Accreditation has long been used as a third-party check on college quality, and currently associate's, bachelor's and graduate-degree granting colleges, as well as certificate granting trade schools, must be accredited in order for their students to receive federal financial aid. The workforce Pell would side-step this requirement. Americans need more options for short-term credentials—few education experts would argue against that. But so far, filling that need has primarily fallen to for-profit colleges, many of which offer students poor returns on investment and leave them with crippling debt. While bachelor's and graduate degree-seekers are more likely to take on debt to finance their education, students who completed only some college or a less-than-two-year credential are more likely to be behind on their debt payments (30%) compared with higher degree seekers (11%), according to the Economic Well-Being of U.S. Households in 2024 study just released by the Federal Reserve. 'Every time for-profit colleges have been given access to more federal aid, abuses have followed,' says Dimino. 'It's hard to ignore this trendline and yet we're giving them free reign to do that again.' Previous administrations have put in place guardrails to prevent schools from misleading or defrauding students. After the for-profit chain Corinthian Colleges, investigated for predatory and fraudulent practices, collapsed in 2015, the Obama administration implemented the Borrower Defense to Repayment rule, which entitles students to loan cancellation if they're defrauded by their school. Another check on for-profits, the gainful employment rule, requires schools to pass debt-to-earnings and earnings premium thresholds to be eligible for federal funds. The sector is also subject to the 90/10 rule, which requires schools get at least 10% of the revenue from sources outside federal student aid. The House-passed budget bill would restrict the use of borrower defense to repayment and repeal the gainful employment and 90/10 rules. For-profit colleges and advocates have called these regulations burdensome and unfair, since private non-profit colleges are not held to the same standards. Even the Trump-catalyzed economic uncertainty could benefit for-profit colleges, Silber notes. 'Hopefully we're not going into any kind of recession, but if we are, that's another way that at least the stocks of these companies could benefit because they're seen as being defensive,' he says.
