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Biden Administration Develops US Sovereign Wealth Fund Proposal

National security advisors aim to bolster technology and energy sectors, drawing bipartisan interest despite funding challenges.

Overview

  • The proposal seeks to invest in national security interests like technology and energy.
  • Development has involved extensive brainstorming and consultations with economic experts.
  • Trump's support for a similar fund could generate bipartisan momentum.
  • Critics highlight potential risks and funding difficulties amid national deficits.
  • Formal discussions with Congress and the private sector are planned for the near future.