Monday, February 03, 2025

Trump signed an executive order to create a U.S. sovereign-wealth fund

Good news! Like Norway or Saudi Arabia! Simply breathtaking the speed of decisions by President Trump!

"He suggested it could be used to keep TikTok operating but didn’t explain how. It isn’t clear where the money for a fund would come from. Most funds of this kind hold surplus revenue from natural resources, such as Saudi Arabia’s oil. But the U.S. has significant budget and trade deficits as well as robust private markets where investors can back initiatives that the president says he wants the new fund to invest in."

The Wall Street Journal What's news

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