President Trump took to his social media Friday, sharing plans to take away Harvard University's tax-exempt status, saying "it's what they deserve." This comes after the Trump administration also froze billions of dollars of Harvard's federal funding.

President Donald Trump said he's taking action to remove the tax-exempt status of Harvard University, escalating his fight with the school.

The president is escalating threats against the university as a new battle shapes up over his 2026 budget proposal.