The Biden administration, alongside surprising bipartisan support, is reportedly exploring a sovereign wealth fund to bolster U.S. technology, energy and supply chain initiatives.
Former President Donald Trump's recent proposal for a state-owned investment fund to address national challenges coincides with Biden's efforts, indicating a rare moment of bipartisan agreement in an election cycle.
The concept of a sovereign wealth fund is not new, as seen in successful examples like Norway's $1.6 trillion fund, showcasing its potential for substantial returns.
This initiative reflects an American adaptation of practices from countries rich in natural resources, aiming to strategically manage investments that benefit long-term economic stability.
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