Harvard President Alan M. Garber ’76 has told faculty that a deal with the Trump administration is not imminent and denied that the University is considering a $500 million settlement, according to three faculty members familiar with the matter.

Harvard University has dismissed reports suggesting it is close to finalising a $500 million settlement with the Trump administration over frozen federal research funds.

The White House views a payment of $500 million by Harvard University as a floor in negotiations for a settlement, and the cost of a deal could climb far higher if the school doesn’t submit to government oversight provisions,