RED OCTOBER DEBRIEFING 40,000 FEET: THE FUND WITH NO NAME
People keep asking whether America has a sovereign wealth fund. Officially, no. In February 2025 the President ordered a plan for one. By that May the Treasury Secretary said it was “on pause.” Case closed, right?
Go up high enough and it doesn’t look closed. It looks finished, just without a name on the door.
Here’s what’s sitting on the board right now, all on the record.