Reported 1 day ago
The Trump team plans to transform the U.S. International Development Finance Corp (DFC) into an organization that operates like a sovereign wealth fund to enhance U.S. influence overseas, particularly in locations like Panama and Greenland. This initiative aligns with Trump's previous commitment to create a sovereign wealth fund aimed at major national projects, using tariffs and intelligent strategies for funding. Notable figures such as Elon Musk are involved in discussions regarding the DFC's new direction, which has sparked competition for leadership roles within the agency.
Source: YAHOO