Sovereign wealth funds have been around for generations, and President Donald Trump wants the federal government to join in on the trend. But there are a few problems — namely, it’s never been done in a democracy as complex as the United States.

Joseph Bankman is the Ralph M. Parsons professor of law and business at Stanford Law School. Mark P. Gergen is the Robert and Joann Burch D.P. professor of tax law and policy at the University of California at Berkeley School of Law.

With official details scant so far, speculation about the shape of a planned new US sovereign wealth fund (SWF) is broad. But if the idea does become a reality, other asset owners are likely to be affected by such a large newcomer in one way or another.

After decades of Washington telling Asia to improve economic fundamentals, it’s Asia’s turn to worry the U.S. is trashing its own.

Donald Trump wants the US to establish a sovereign wealth fund – and no wonder. Norway’s, one of the biggest and best known in the world, aims to “safeguard and build financial wealth for future generations”,

The “DOGE dividend” could potentially put thousands of dollars in the pockets of Americans struggling under record inflation.

US President Donald Trump announced last week the creation of the first American sovereign wealth fund. He had pledged during his campaign to pursue such a policy, but this time, he formalized it with an executive order directing a plan for the fund to be developed within 90 days.

The head of Russia's sovereign wealth fund on Tuesday described U.S. President Donald Trump as a problem solver ahead of U.S.-Russian talks in Saudi Arabia, the first high-level, in-person discussions in years between the two countries.

Even the originator of the fib, Elon Musk, has since denied the whopper. Trump called the issue ‘incenjuary,’ possibly intending to say ‘incendiary’

President Donald Trump spoke Wednesday at Saudi Arabia’s annual investment conference in South Florida, a sign the oil giant is increasingly reaching the American mainstream with a signature event designed to promote the country as a global actor seeking to diversify its economy.