03/24/2009 05:12 am ET Updated May 25, 2011

Harvard Scrambling To Pay Its Bills

Harvard may be the nation's wealthiest university, but it is short on cash.

The school relies on its endowment to generate a third of the money for its operations, and the endowment is on the verge of posting its biggest loss in 40 years. With much of its money tied up for the long term, it is scrambling to meet some obligations.

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