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Top aides to President Joe Biden have been crafting a proposal to create a sovereign wealth fund that would allow the US to invest in national security interests including technology, energy, and critical links in the supply chain, according to a person familiar with the effort.
The behind-the-scenes work by National Security Advisor Jake Sullivan and his deputy, Daleep Singh, mirrors — at least in spirit — a proposal floated Thursday by Republican presidential candidate Donald Trump, who called for a government-owned investment fund to finance "great national endeavors" during a speech to the Economic Club of New York.
Posted In: SPY
