04-02-2025 16:34 via krqe.com

5 things to know about Trump's plan to create a sovereign wealth fund

(The Hill) -- President Donald Trump is taking steps to overhaul the way the U.S. government invests its money and change the nature of America’s financial presence abroad.The president signed an executive order Monday that kicked off the process of creating a sovereign wealth fund with the goal of generating more revenue for the government.Trump also suggested the fund could be used to purchase TikTok — the popular video-sharing app subject to a ban if it is not spun off from ByteDa
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