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Bessent and Lutnick sent plan for U.S. sovereign wealth fund — but White House has pushed back

Summary by CBS News
President Trump wants to launch a U.S. sovereign wealth fund — but the administration is still debating the mechanics of the fund.

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Bessent and Lutnick sent plan for U.S. sovereign wealth fund — but White House has pushed back

President Trump wants to launch a U.S. sovereign wealth fund — but the administration is still debating the mechanics of the fund.

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Crypto BriefingCrypto Briefing

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

The White House's stance may delay the sovereign wealth fund's development, impacting economic strategies and national security plans. The post White House rejects parts of Trump advisers’ sovereign wealth fund proposal appeared first on Crypto Briefing.

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CBS News broke the news in on Wednesday, May 7, 2025.
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