6
submitted 1 year ago by Skyrmir@lemmy.world to c/economy@lemmy.world

WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok. Trump offered little in the way of detail and it was unclear how such a wealth fund would work. Typically such funds rely on a country's budget surplus to make investments, but the U.S. operates at a deficit. Its creation also would likely require approval from Congress.

top 3 comments
sorted by: hot top new old
[-] benignintervention@lemmy.world 6 points 1 year ago

I smell a money laundering scheme

[-] Skyrmir@lemmy.world 5 points 1 year ago

I couldn't tell over the stench of the other dozen money grabbing schemes.

[-] Skyrmir@lemmy.world 5 points 1 year ago

If it wasn't so sad, I wouldn't be able to stop laughing.

this post was submitted on 03 Feb 2025
6 points (100.0% liked)

Economy

2759 readers
126 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago
MODERATORS