What exactly is a sovereign wealth fund? Here’s a breakdown of a recent Trump proposal
Trump also said that if this fund goes through, the money in it could be used for something like buying TikTok. The app’s fate has been up in the air since a law requiring new ownership took effect in January. Rachel Wellhausen, a professor of government at UT Austin, said there are many ways to operate a sovereign wealth fund.
The US doesn't run a surplus like most sovereign wealth funds. But Trump's order refers to trillions in existing assets.
1don MSN
It’s the latest criticism that’s been leveled at Trump from the Rupert Murdoch-owned media outlet, which has been opposed to ...
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil ...
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