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Trump Administration Cancels 400 Million in Federal Funds to Columbia University Amid Antisemitism Concerns Stocks Plunge

Coin WorldFriday, Mar 7, 2025 2:27 pm ET
1min read

The Trump administration has announced the cancellation of approximately $400 million in federal grants and contracts to Columbia University. This decision comes in response to allegations of antisemitism and Islamophobia that have been reported during protests and counterprotests at the university. The administration cited ongoing concerns about antisemitic harassment and the university's handling of these issues as the primary reasons for the funding cuts.

The announcement was made by four federal agencies, including the Department of Justice, the Department of Health and Human Services, the Department of Education, and the General Services Administration. These agencies collectively stated that the immediate cancellation of the funds is a response to the university's failure to adequately address the allegations of antisemitism. The administration has emphasized that this action is part of a broader effort to combat antisemitism and ensure that federal funds are used responsibly.

Columbia University has acknowledged the concerns about antisemitism on its campus and has previously stated that it has made efforts to tackle these issues. However, the administration's decision to cancel the grants and contracts indicates a lack of satisfaction with the university's response to date. The administration has made it clear that this is not the end of their efforts to address antisemitism and that further actions may be taken in the future.

The cancellation of these funds is expected to have a significant impact on Columbia University's operations and research programs. The university will need to find alternative sources of funding to replace the lost federal grants and contracts, which could potentially disrupt ongoing projects and initiatives. The administration's decision also sends a strong message to other educational institutions about the importance of addressing antisemitism and other forms of discrimination on their campuses.

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