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February 12, 2025, Opinion: "The Trump administration has called for the establishment of a US sovereign wealth fund (SWF) (White House 2025) by early 2026. The president also suggested that TikTok would make an attractive investment target for such a fund. He directed the secretaries of the Treasury and Commerce Departments working with the director of the Office of Management and Budget to deliver a plan for a US SWF within 90 days. Information released so far suggests the team has a long way to go to articulate a convincing, comprehensive, and credible project proposal. The United States needs more public investment, but an SWF is not the best way to achieve it."