Trump advisers have submitted a plan for a U.S. sovereign wealth fund, and the White House has objected to some of its contents

Odaily Planet Daily News President Trump's senior advisers have submitted a plan to him to create an investment fund operated by the US government, which was a request made by Trump earlier this year - but the White House has objected to parts of the proposal. President Trump asked Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to jointly develop a proposal for a US sovereign wealth fund, with the goal of submitting it in early May. Multiple sources said the proposal has been submitted. However, the White House expressed concerns about the approach taken by the Treasury Department, one of the sources revealed. The operating mechanism of the fund is still under discussion and there are no plans to be announced yet, another source said. "Pursuant to President Trump's executive order, the Treasury and Commerce Departments have developed plans for a sovereign wealth fund, but no final decision has been made," a White House spokesman said in a statement. He added: "The government remains committed to using all available tools to implement President Trump's directives and ensure the national and economic security of the United States." (CBS News)