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International Business Times
International Business Times
National
Bruce Golding

Biden Aides Working On Plan for American 'Sovereign Wealth Fund': Report

President Joe Biden speaks in the White House on Tuesday, Sept. 3, 2024, in Washington. (Credit: Alex Wong/Getty Images)

President Joe Biden's top national security officials have reportedly been crafting a plan that would allow the country to invest in emerging technologies, energy and critical links in the supply chain.

The project has been in the works for months but didn't surface until Friday, the day after former President Donald Trump floated a similar idea for an investment fund to finance "great national endeavors," according to Bloomberg, which cited people familiar with the effort.

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