Sources said the framework is still being sorted out with significant gaps to close, but both sides have agreed on the financial figure and a settlement could be finalised in coming weeks.

The months-long funding dispute between the Trump administration and Harvard University, a prestigious Ivy League institution, is set to come to an end. After adamant attempts to get the university to reshape its operations and posing a threat to its tax-exempt status, a $500 million deal is set to solve these issues.