Trump advisers have submitted a plan for a U.S. sovereign wealth fund, and the White House has objected to some of its contents

CoinRank News: President Trump’s top advisers have presented him with a plan to create an investment fund run by the U.S. government, a request Trump made earlier this year — but the White House has taken issue with parts of the proposal. President Trump asked Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to jointly develop a proposal for a U.S. sovereign wealth fund, with the goal of submitting it in early May. Multiple sources said the proposal has been submitted. However, the White House has concerns about the approach taken by the Treasury Department, one of the sources said. The mechanism for how the fund would work is still under discussion, and no plans have been announced yet, another source said. Pursuant to President Trumps executive order, the Treasury and Commerce departments have developed plans for a sovereign wealth fund, but no final decisions have been made, a White House spokesman said in a statement, adding: The administration remains committed to using all available tools to implement President Trumps directives and ensure the national and economic security of the United States. (CBS News)