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.

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.

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”,

Donald Trump and his Treasury secretary have signaled their support for a sovereign wealth fund. Joe Biden and Kamala Harris also discussed it. But is it a good idea? Today on the show, Katie Martin and Aiden Reiter make the case for and against a radical new plan for American capital.

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.

President Donald Trump plans to take the stage in Miami Beach on Wednesday to address captains of finance and tech, as well as the event’s host: Saudi Arabia’s mammoth sovereign wealth fund.

A tie-up involving the tour and LIV Golf was stalled under President Biden. They’re aiming to forge a new agreement under President Trump.

President Donald Trump is expected to make an appearance in Miami Beach Wednesday evening, at an investment conference hosted by Saudi Arabia’s affluent sovereign wealth fund. Drivers have been told to expect traffic delays in Miami Beach and Miami.

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.

Former U.S. President Donald Trump is set to attend a significant financial summit in Miami hosted by Saudi Arabia's sovereign wealth fund. The event, featuring global financiers and tech leaders, comes amidst historical tensions and Trump's business dealings in the Middle East.