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CNN 5 Things

Trump attacks Powell, Harvard’s tax-exempt status, Fyre Fest 2’s future & more

Apr 17, 2025
President Trump expresses frustration with the Federal Reserve and targets Harvard's tax-exempt status. A leaked budget cut proposal threatens federal health agencies. Meanwhile, U.S. and Ukrainian officials gather in Paris, but hopes for a peace deal with Russia seem bleak. In the world of music, Fyre Fest 2 faces new hurdles, raising eyebrows about its management. Tune in for a fascinating blend of politics, international relations, and festival drama!
06:51

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Quick takeaways

  • The Trump administration is seeking to freeze $2.2 billion in grants to Harvard, challenging the university's compliance with specific policy demands.
  • Fyre Fest 2 faces significant operational issues, reflecting ongoing concerns about planning and management for its upcoming revival.

Deep dives

IRS Flags Identity Fraud

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