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Trump Signs Executive Action to Create Sovereign Wealth Fund
News February 03, 2025 at 02:34 PM
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What You Need To Know
- The fund could be used to facilitate the sale of TikTok, which is still operating in the U.S.
- Trump floated the idea during an address at the Economic Club of New York during the campaign in September.
- Treasury Secretary Scott Bessent and Howard Lutnick, the nominee for Commerce secretary, would likely spearheading the effort.
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