00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump proposed the creation of a U.S. sovereign wealth fund to
00:07finance national infrastructure and other projects.
00:10Speaking to business leaders, Trump offered few details but claimed the fund would generate
00:14a significant profit to help reduce national debt.
00:17The fund would be financed through tariffs and other mechanisms, echoing similar sovereign
00:21funds in countries like Norway and China.
00:23Critics raised concerns that the proposed fund would be vulnerable to corruption, suggesting
00:27it would benefit cronies and Trump's family through mismanaged investments.
00:31For all things money, visit Benzinga.com.
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