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Trump, sovereign wealth fund
Trump wants a US sovereign wealth fund. Here's what that could mean.
The US doesn't run a surplus like most sovereign wealth funds. But Trump's order refers to trillions in existing assets.
Trump creates sovereign wealth fund
US President Donald Trump signs an executive order to create a sovereign wealth fund with Scott Bessent, US Treasury secretary, left, and Howard Lutnick, chief executive officer of Cantor Fitzgerald LP and US commerce secretary nominee, right, in the Oval Office.
Trump Signs Executive Action to Create 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.
Trump signs order to create US sovereign wealth fund, eyeing TikTok purchase
President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it could partially own the popular app TikTok. The president signed an executive order in the Oval Office to have Treasury Secretary Scott Bessent and Commerce secretary nominee Howard Lutnick create and lead such a fund.
6d
on MSN
Trump’s Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days
Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he ...
6d
on MSN
Howard Lutnick, Trump Commerce secretary pick, says it's 'nonsense' that tariffs cause inflation
President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs ...
6d
Trump’s commerce secretary pick, Howard Lutnick, defends Tether: ‘It’s like blaming Apple...'
Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" ...
7d
on MSN
The Democrats’ plan to discredit Howard Lutnick
Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation ...
19h
Trump 2nd term live updates: Federal buyout offer extends to CIA
Trump also signed five designations for special envoys -- including Steve Witkoff, Ric Grenell and Mark Burnett. He also ...
6d
Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can ...
6d
PHOTO COLLECTION: Howard Lutnick Confirmation Hearing
This is a collection of photos chosen by AP photo editors.
6d
on MSN
Howard Lutnick, U.S. President Donald Trump's nominee to be commerce secretary, testifies before a Senate confirmation hearing Wednesday.
The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within ...
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