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Trump Signs Executive Order to Create Sovereign Wealth Fund that Can Buy TikTok
US President Donald Trump signed an executive order on Monday ordering the US Department of the Treasury and Department of Commerce to create a sovereign wealth fund that could be ...
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US President Donald Trump signed an executive order on Monday ordering the US Department of the Treasury and Department of Commerce to create a sovereign wealth fund that could be used to acquire social media platform, TikTok.

Trump said on Monday that the fund, which will be set up within the next 12 months, will monetize the asset side of the US balance sheet for the benefit of the American people. The sovereign fund will be spearheaded by Treasury Secretary Scott Bessent and Trump's nominee for commerce secretary, Howard Lutnick.

Related NewsFed Interest Rate Decision for March 2025 in United States is 4.5%, unchanged from its last period. The forecast was 4.5%.

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