Trump pitches sovereign wealth fund for infrastructure | Bond Buyer

Trump Sovereign Wealth Fund

Trump pitches sovereign wealth fund for infrastructure | Bond Buyer

 President Donald Trump indicated on Monday that the fund could potentially be used to purchase TikTok.  President Trump signed an executive order Monday calling for the creation of a sovereign wealth fund, essentially a federally owned investment vehicle that takes stakes in different kinds of financial assets.  Economy Trump orders creation of sovereign wealth fund, hints it could buy TikTok The new wealth fund could be used to finance major government projects and fund strategic investments in critical ...  President Trump orders the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok.  President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund.

 President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign.  U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok.  President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund.  President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.

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