Columbia University will pay $200 million to the federal government in its settlement with the Trump administration over the school's handling of allegations of antisemitism on campus. CBS News New York's Ali Bauman has been following this story since the beginning.

The university will pay more than $200 million in settlements, ending a confrontation that disrupted the U.S. higher-education industry.

Columbia University announced on Wednesday that it has reached a deal with the Trump administration, following months of negotiation to restore federal funding to the school.

President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.

Trump has once again pestered Jerome Powell over interest rates. This time around, he has said that the Fed chair will leave his office in 8 months. However, Powell’s tenure as the chair will come to a close in 10 months,