The Presidential Daily Brief

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    Are Harvard, Yale Hiding Foreign Cash?

    Show 'em the money. The U.S. Department of Education announced yesterday that it's looking into whether the two Ivy League schools failed to report hundreds of millions of dollars in foreign financing. "This is about transparency," said Secretary Betsy DeVos. While the agency didn't specify how much Harvard might have failed to report, it suggested Yale let $375 million slip under the radar over the past four years. Colleges are required to report any foreign gifts and contracts topping $250,000.

    What's the bigger picture? The probe's part of a larger clash between federal authorities and educational institutions over countries like China and Saudi Arabia allegedly looking to steal research and spread propaganda.

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