Shumita Basu

Now to a major financial proposal from the president you might have missed with all the news this week. On Monday, Trump signed an executive order calling on the Treasury and Commerce Departments to look into creating a sovereign wealth fund for the United States, essentially creating an investment fund that would be owned by the government.

Now to a major financial proposal from the president you might have missed with all the news this week. On Monday, Trump signed an executive order calling on the Treasury and Commerce Departments to look into creating a sovereign wealth fund for the United States, essentially creating an investment fund that would be owned by the government.

And one of the first things Trump suggested he would do with this fund is put in a bid to buy TikTok. Sovereign wealth funds are typically found in oil-rich countries that run budget or trade surpluses. Those countries then direct those surplus funds toward investments with the goal of generating more money for future generations.

And one of the first things Trump suggested he would do with this fund is put in a bid to buy TikTok. Sovereign wealth funds are typically found in oil-rich countries that run budget or trade surpluses. Those countries then direct those surplus funds toward investments with the goal of generating more money for future generations.

And one of the first things Trump suggested he would do with this fund is put in a bid to buy TikTok. Sovereign wealth funds are typically found in oil-rich countries that run budget or trade surpluses. Those countries then direct those surplus funds toward investments with the goal of generating more money for future generations.

According to Axios, Norway, China, Abu Dhabi, and Singapore have the largest sovereign wealth funds in the world. Trump first floated the idea of creating one of these funds for the United States on the campaign trail.

According to Axios, Norway, China, Abu Dhabi, and Singapore have the largest sovereign wealth funds in the world. Trump first floated the idea of creating one of these funds for the United States on the campaign trail.

According to Axios, Norway, China, Abu Dhabi, and Singapore have the largest sovereign wealth funds in the world. Trump first floated the idea of creating one of these funds for the United States on the campaign trail.

And he said he would use it to make major investments in our country's future.

And he said he would use it to make major investments in our country's future.

And he said he would use it to make major investments in our country's future.

The Biden White House had been looking into creating such a fund, and a lot of Democrats and Republicans like the idea, too. There has been pushback, usually from more conservative economists, who say instead of putting American money into a sovereign wealth fund, why not use that money instead to lower taxes? Now for Trump to make this idea a reality, he would need congressional approval.

The Biden White House had been looking into creating such a fund, and a lot of Democrats and Republicans like the idea, too. There has been pushback, usually from more conservative economists, who say instead of putting American money into a sovereign wealth fund, why not use that money instead to lower taxes? Now for Trump to make this idea a reality, he would need congressional approval.

The Biden White House had been looking into creating such a fund, and a lot of Democrats and Republicans like the idea, too. There has been pushback, usually from more conservative economists, who say instead of putting American money into a sovereign wealth fund, why not use that money instead to lower taxes? Now for Trump to make this idea a reality, he would need congressional approval.

Congress controls the federal government's budget, which means they would need to approve the creation of a vehicle that would circumvent some of their power. But secondly, and maybe most importantly, the United States typically does not run a surplus budget. In fact, the U.S. has only run a surplus budget five times in the past 50 years, according to data from the Treasury Department.

Congress controls the federal government's budget, which means they would need to approve the creation of a vehicle that would circumvent some of their power. But secondly, and maybe most importantly, the United States typically does not run a surplus budget. In fact, the U.S. has only run a surplus budget five times in the past 50 years, according to data from the Treasury Department.

Congress controls the federal government's budget, which means they would need to approve the creation of a vehicle that would circumvent some of their power. But secondly, and maybe most importantly, the United States typically does not run a surplus budget. In fact, the U.S. has only run a surplus budget five times in the past 50 years, according to data from the Treasury Department.

So the big question is, where would the money come from?

So the big question is, where would the money come from?

So the big question is, where would the money come from?