TIME TO HIRE YOUNG AMERICANS AGAIN!!!!
I'm still shocked that "neo-con lite" Rubio has come around and joined the Good! guy team.
Well, he's been saying a lot of the right things recently, and it does not seem like he supports the endless wars anymore.
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.
If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars.
The text of the executive order was sparse on details, and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days, including recommendations on "funding mechanisms, investment strategies, fund structure, and a governance model."
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.
"We're going to create a lot of wealth for the fund," Trump told reporters. "And I think it's about time that this country had a sovereign wealth fund."
Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund "great national endeavors" like infrastructure projects such as highways and airports, manufacturing, and medical research.
"We're going to monetize the asset side of the U.S. balance sheet for the American people," Bessent said. "There'll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people."
https://finance.yahoo.com/news/trump-signs-executive-order-create-175809898.html