President Trump signed an executive order on Monday to establish a government run sovereign wealth fund for economic development.
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00:00President Trump signed an executive order on Monday to establish a government-run sovereign
00:04wealth fund for economic development.
00:07The fund aims to develop infrastructure and extend U.S. influence in regions like Panama
00:12and Greenland.
00:13U.S. Treasury Secretary Scott Besant announced plans to set up the fund within the next 12
00:18months using what they say is a mix of liquid and domestic assets.
00:23Trump mentioned potential uses for the fund could include purchasing TikTok, which is
00:28currently back online for about 60 more days.
00:31Time is ticking for a solution.