President Donald Trump said on Friday the U.S. was in a "transition period" and was going to do "fantastically" while downplaying the impact any short-term recession may have.

U.S. District Judge Beryl Howell's ruling was the first deciding the legal merits of any of the several directives Trump has aimed at law firms.

Harvard University's president hit back at President Donald Trump on Friday after Trump announced that he would revoke Harvard's tax-exempt status. Harvard has been in a drawn-out battle with the Trump administration over its refusal to comply with the president's demands to clamp down on student activism on campus and protests related to Israel's war against Hamas in Gaza.

President Donald Trump on Friday re-upped his threat to strip Harvard University of its tax-exempt status, escalating a showdown with the first major college that has defied the administration's efforts to crack down on campus activism.

Alan Garber became a hero to liberals after Harvard resisted the federal government. At the same time, he is trying to remake campus culture in ways the Trump administration might appreciate.