The US doesn't run a surplus like most sovereign wealth funds. But Trump's order refers to trillions in existing assets.

Overall U.S. exports to the world grew to $3.19 trillion in 2024, up 3.9 percent from the previous year, as the United States ...

Should the U.S. create a sovereign wealth fund in line with President Donald Trump's executive order this week, it would be an unusual one among those already established by other countries.

As the second administration of President Donald Trump continued its rapid recasting of the federal government, the president was scheduled Tuesday to host Israeli Prime Minister Benjamin Netanyahu at ...

WASHINGTON (AP) — President Donald Trump has nominated Neil Jacobs to lead the National Oceanic and Atmospheric ...

President Donald Trump has nominated Pierre Gentin, chief legal officer of consulting firm McKinsey & Co, to serve as general ...

Trump drafts order to begin dismantling the Department of Education, seeking executive and congressional action to eliminate ...

China’s Ministry of Finance announced the same day that it would levy a 15 percent tax on certain types of coal and liquefied natural gas, as well as a 10 percent tariff on agricultural machinery, ...

The United States’ lead in artificial intelligence technology has become questionable after the release of DeepSeek’s AI ...

President Donald Trump on Monday ordered the creation of a government-owned sovereign wealth fund of financial assets, which ...

The White House confirmed to BI on Monday that Musk was a "special government employee" and was not receiving a paycheck.

Elon Musk has taken control of government employees’ private data by having his cronies illegally install a commercial server ...