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We consider electron transport through a quantum dot described by the Kondo model in the regime of large transport voltage V in the presence of a magnetic field B with max(V,B) >> T_K. The electric current I and the local magnetization M are found to be universal functions of V/T_K and B/T_K, where T_K is the equilibrium Kondo temperature. We present a generalization of the perturbative renormalization group to frequency dependent coupling functions, as necessitated by the structure of bare perturbation theory. We calculate I and M within a poor man’s scaling approach and find excellent agreement with experiment.

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