Harvard sues after Trump admin slashed billions in funding

What to Know

• U.S. stocks fell again over worries about President Trump’s trade war and his criticism of the Federal Reserve.
• Trump lobbed a fresh series of insults at Fed Chair Jerome Powell this morning — referring to him as "Mr. Too Late, a major loser" — while reiterating a call for lower interest rates.
• The president is standing by Defense Secretary Pete Hegseth despite new reporting on his use of the Signal group chat. His wife and his brother were part of the chat, NBC News reported.
• Homeland Security Secretary Kristi Noem's bag was stolen last night in Washington, D.C.
• The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers.