In the letter, the university said it's developing its budget for the next school year, anticipating a significant cut because of the Trump administration's proposal to reduce research payments from the National Institutes of Health and a possible increase in the endowment tax.

Stanford University is implementing a hiring freeze as colleges and universities across the US confront the threat of severe funding cuts from the Trump administration.

Stanford announced a hiring freeze amid growing concerns about cuts and delays in federal funding. The prestigious university is not alone as colleges around the country are trying to figure out what the White House will do next.

Stanford University announced a hiring freeze on Thursday. The school says possible federal funding changes could impact its budget. The school will continue to make hires for “critically needed positions,

Stanford University is implementing a hiring freeze as colleges and universities across the US confront the threat of severe funding cuts from the Trump administration. Bloomberg's Janet Lorin has more.