President Trump is directing his commerce and treasury secretaries to create what's called an American sovereign wealth fund.

President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it ...

Trump noted many other nations have such investment funds and predicted that the U.S. could eventually top Saudi Arabia’s ...

He said, “I think it’s about time that this country had a sovereign wealth fund.” He said that his treasury secretary, Scott Bessent, and Howard Lutnick, his nominee to lead the Commerce Department, ...

President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign.