President Donald Trump signed an executive order directing the Treasury and Commerce Departments to develop a plan for a U.S. sovereign wealth fund within 90 days.
The fund aims to invest national assets to promote fiscal sustainability, reduce tax burdens, and strengthen the U.S. economy and global leadership.
The U.S. government holds $5.7 trillion in direct assets, with even greater value in natural resources. Trump’s vision for the fund includes using these assets to support national projects and magnify economic growth, following examples set by other countries and U.S. states with similar funds.
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