Trump and Biden Unite: Why the US Needs to Establish a Sovereign Wealth Fund Now
Biden and Trump Can Agree: A Sovereign Wealth Fund Is Worth Exploring The Biden administration and former President Donald Trump have both recently shown interest in the idea of a sovereign wealth fund for the United States. While bipartisan agreement on such matters is unusual, it's clear that leaders from both parties see potential benefits in establishing a fund to support various national initiatives. Reports have emerged that top aides to President Joe Biden, such as National Security Advisor Jake Sullivan and his deputy Daleep Singh, have been quietly working on plans for a sovereign wealth fund. Their efforts include developing strategies for structure, funding , and investment opportunities . Similarly, during a recent campaign stop at the Economic Club of New York, Donald Trump also proposed creating an American state-owned investment fund to finance major national projects. Sovereign wealth funds are not new concepts; numerous countries around the world utilize the...