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Donald Trump wants to create a U.S. sovereign wealth fund. Could it turn into a slush fund?

March 25, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Open this photo in gallery: THE GLOBE AND MAIL/SOURCE GETTY IMAGE/The Globe and Mail Those trying to keep abreast of the volcanic eruptions spewing out of Donald Trump’s White House might be forgiven for missing his Feb. 3 executive order and subsequent Oval Office musings about how America could buy TikTok. Said order directed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick (who are as Wall Street as they come) to conjure up a made-in-the-USA sovereign wealth fund (SWF), financed by some combination of the federal government’s existing assets and the tariff revenues Trump is so hell-bent on collecting...
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