Trump Signs Order for U.S. Sovereign Wealth Fund Creation

President Donald Trump has signed an executive order to create a United States Sovereign Wealth Fund aimed at maximizing the stewardship of national wealth for American citizens. This fund is designed to promote fiscal sustainability, reduce the tax burden on families, and bolster U.S. economic leadership globally. The executive order mandates the Treasury and Commerce Departments to devise a comprehensive plan within 90 days, detailing funding mechanisms, investment strategies, and governance models. Trump mentioned the fund could potentially include investments like TikTok and finance infrastructure projects, although its feasibility is questioned due to the U.S. budget deficit. Treasury Secretary Scott Bessent emphasized the fund would target both liquid and domestic assets, aiming to monetize the U.S. balance sheet. The initiative reflects a broader bipartisan interest in establishing a sovereign wealth fund in the U.S.