Updated Apr 22, 2020 - Health

Trump says Harvard "is going to return" stimulus money

President Trump during the daily briefing on the novel coronavirus on Tuesday. Photo: Mandel Ngan/AFP via Getty Images

Harvard issued a statement denying the university had accepted stimulus money meant for small businesses after President Trump said Tuesday the school should return federal funding.

Driving the news: A reporter asked at Tuesday's White House briefing if other big businesses would be asked to return federal government dollars after Shake Shack announced Sunday the chain would hand back its entire $10 million Paycheck Protection Program loan. "Harvard’s going to pay back the money," Trump said.

"They shouldn’t be taking it. When I saw Harvard — they have one of the largest saw endowments anywhere in the country, maybe the world. They’re going to pay back the money."

Of note: Harvard is due to receive $8.7 million in federal money from the Education Department via the Coronavirus Aid, Relief and Economic Security Act.

What they're saying: Harvard said in its statement the university is "choosing to direct 100% of the funds to financial assistance to students, and will not be using any of the funds to cover institutional costs."

  • ”Harvard did not apply for, nor has it received any funds through the U.S. Small Business Administration’s Paycheck Protection Program for small businesses. Reports saying otherwise are inaccurate," the school said.
  • "President Trump is right that it would not have been appropriate for our institution to receive funds that were designated for struggling small businesses."

What he's saying: Trump doubled down on his comments in a tweet late Wednesday.

Editor's note: This article has been updated with Trump's tweet.

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Cities were already furloughing workers and considering cutting back essential services — including public safety — because of the dramatic drops in the local tax revenue that funds them. Now they're also dealing with turmoil in their streets.

Why it matters: "Unfortunately, the increasing levels of social unrest across the country reallocated efforts and scarce resources away from the former focus of getting state, regional and local economies back to some semblance of normalcy," per Tom Kozlik, head of municipal strategy and credit at HilltopSecurities.

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The Department of Health and Human Services moved on Thursday to require that an individual's race, ethnicity, age and sex be submitted to the agency with novel coronavirus test results.

Why it matters: Some cities and states have reported the virus is killing black people at disproportionately high rates. There are gaps in the national picture of how many people of color are affected, since the data has not been a requirement for states to collect or disclose.

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DeSantis says Florida bars and clubs can reopen this week

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Florida Gov. Ron DeSantis said Wednesday that bars and clubs will be allowed to reopen on Friday, as the state continues to scale down restrictions it put in place because of the coronavirus, WCTV reports.

Why it matters: DeSantis ordered bars and clubs to close in mid-March as one of the first actions the state took to stem the spread of the coronavirus.