Monday 10th February 2025

    From the Editor's Desk

    Trump Orders Creation of U.S. Sovereign Wealth Fund, Says It Could Buy TikTok

    Trump offered little in the way of detail and it was unclear how such a wealth fund would work. Typically such funds rely on a country's budget surplus to make investments, but the U.S. operates at a deficit. Its creation also would likely require approval from Congress.

    Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund "great national endeavors" like infrastructure projects such as highways and airports, manufacturing, and medical research.


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