A New York University School of Law professor on tax policy, called the news a “lawless action by the President.”

President Donald Trump says Harvard University will be stripped of its tax-exempt status, redoubling an extraordinary threat amid a broader chess match over free speech, political ideology and federal funding at the Ivy League school and across American academia.

U.S. President Donald Trump said on Friday his administration will revoke Harvard University's tax-exempt status, returning to a threat he issued against the Massachusetts school last month as part of his wider attack on elite universities.