Treasury Secretary Steven Mnuchin calls in to Stuart Varney to provide updates on congressional funding for the Paycheck Protection Program (PPP) and the Small Business Administration relief package. Sec. Mnuchin covers a range of topics from Harvard to oil. After discovering that several large companies have applied to the PPP program, Mnuchin warns them about […]
Ivy League Universities Flush with Cash Set to Receive Millions in Federal Coronavirus Funding…
The eight elite private colleges of the Ivy League are slated to receive millions in taxpayer-funded coronavirus stimulus money despite controlling endowments with a combined value in 2019 of over $140 billion. Five Ivy League schools posted operational surpluses of over $200 million in 2019, according to their financial statements from that year. Secretary of […]
Harvard and Other ‘Well Endowed’ Colleges Face Backlash for Tapping Tens of Millions in Stimulus Funds…
Several US colleges with multi-billion dollar endowments have been tapping into the massive coronavirus stimulus passed by Congress and signed into law by President Trump in January. As part of the $2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES), $14 billion was set aside to support higher education institutions – ostensibly those without […]