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 Trump on Friday redoubled his threat to revoke Harvard's tax-exempt status — a move that a Harvard spokesperson said has "no legal basis" Why it matters: Harvard has been a primary target in Trump's escalating war against colleges and universities that he perceives as biased.

WASHINGTON (AP) — 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.