Biden Aides Working on Proposal for US Sovereign Wealth Fund
Summary by Bloomberg
Top aides to President Joe Biden have been crafting a proposal to create a sovereign wealth fund that would allow the US to invest in national security interests including technology, energy, and critical links in the supply chain, according to people familiar with the effort.
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Bloomberg
Biden Aides Working on Proposal for US Sovereign Wealth Fund
Top aides to President Joe Biden have been crafting a proposal to create a sovereign wealth fund that would allow the US to invest in national security interests including technology, energy, and critical links in the supply chain, according to people familiar with the effort.
"Top aides to President Joe Biden have been crafting a proposal to create a sovereign wealth fund that would allow the U.S. to invest in national security interests including technology, energy, and critical links in the supply chain," Bloomberg reports.
Biden's national security staff have been working on a sovereign wealth fund for months
The sovereign wealth fund would allow the US to invest in national security interests including technology, energy, and critical links in the supply chain.
Biden administration considers creating a US sovereign wealth fund
The White House is developing plans to establish a U.S. sovereign fund capable of making large investments in strategic sectors, breaking with Washington's economic orthodoxy while trying to compete with wealthy geopolitical rivals.
Read more (09/07/2024)