More from Treasury Secretary Bessent:
- US Sovereign Wealth Fund is on pause.
I may be wrong but the idea stemmed from the receipts from the External Revenue Service and perhaps from the savings from DOGE.
IN reality, if tariffs are too high, they won’t provide any revenue as they become embargos instead. Moreover, if the shakedown is to manufacture ALL goods in the US, that does not help tariff collections dreamed.
DOGE fell well short of savings expected. There will be no windfall there.
Drill baby drill? Baker Hughes rig counts continue to move lower as the cost is too high and oil companies are shiifting to returning capital.
I guess there may be deals with China down the road.on commodities from farmers, but those types of promises are often broken.
Trump has also touted a Strategic Bitcoin Reserve Fund. He met with the largest holders of his personal digital coin. We will probably hearing more above this type of fund as it becomes the idea du jour.
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