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.

A group of House and Senate Democrats who attended Harvard are threatening their alma mater with a "rigorous" investigation if the school cuts a deal to end hostilities with President Trump, Axios has learned.

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,