Bipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or fund ambitious projects.
At the White House, President Joe Biden’s top aides have circulated plans for a fund to finance national security interests. And former President Donald Trump recently called for a similar state-owned investment fund to finance “great national endeavors” during a campaign stop at the Economic Club of New York.
It is unclear how an American fund would be funded or how it would operate. However, lawmakers might have something of a model in The Alaska Permanent Fund , […]
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