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\Trump wants to set up a sovereign wealth fund. What is it? | National

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www.thecentersquare.com – Brett Rowland – (The Center Square – ) 2025-07-06 08:17:00


President Trump’s plan to create a U.S. sovereign wealth fund remains vague, with no official proposal released despite a 90-day deadline. The White House says Treasury and Commerce Departments are working on it, but details on funding, governance, and investment strategy are unclear. Experts note challenges due to U.S. political structure and debt, contrasting with established funds like Norway’s $1.8 trillion Government Pension Fund Global and Saudi Arabia’s Public Investment Fund. Transparency and control are major concerns. The Peterson Institute warns without clarity, the fund risks inefficiency and corruption, potentially harming the U.S. economy and markets.

(The Center Square) – President Donald Trump’s plan to create a sovereign wealth fund that’s the world’s envy remains undefined.

In the meantime, Norway’s Government Pension Fund Global is among the largest in the world, with more than $1.8 trillion in assets. 

In February, Trump told Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick they had 90 days to present him with a plan for a sovereign wealth fund. That time has passed and no plans have been released. 

“Treasury and Commerce Departments have formulated plans for a Sovereign Wealth Fund, but no final decisions have yet been made,” White House spokesperson Kush Desai said. 

Ana Nacvalovaite, a sovereign wealth funds research fellow at the University of Oxford’s Kellogg College, said the fund’s appearance depends on the details, including funding mechanisms, investment strategies, fund structure, and governance.

Nacvalovaite noted that relatively little information is known about the U.S. plans for a sovereign wealth fund. However, she said many other countries have established funds that the U.S. could follow, but the U.S. will likely face challenges.

Saudi Arabia’s Public Investment Fund, with $925 billion in assets, was established by royal decree in 1971. That could be one roadmap, but America has a different culture and government.

“There is a huge difference between a fund run by a country … where the Royals rule everything, versus an American system where it doesn’t quite work that way,” Nacvalovaite said. 

Another question that remains unanswered is how the administration would seed the fund and whether it would need help from Congress, which traditionally allocates federal revenue. The U.S. has $36.2 trillion in debt and hasn’t had a surplus budget since 2001. The White House noted in February that the U.S. government holds about $5.7 trillion in assets. The administration said the U.S. holds far more in natural resources.

Trump also is bringing in new revenue through tariffs. Just how much that generates could vary based on the final terms of trade deals the White House initially hoped to complete by July 9. Tariffs are taxes on imported goods paid to the federal government by the company that imports the goods.

In Norway, the government declared it owned all offshore oil in the North Sea in 1963. Much of the money in the Government Pension Fund Global now comes from a mix of investments, including stocks and real estate. The fund reports it owns nearly 1.5% of total shares in the world’s publicly listed companies.

Most SWFs don’t report everything, which could raise concerns in the U.S.

“Any state-owned investment vehicle must have a focused mandate and a highly transparent and accountable governance structure,” Adnan Mazarei, Anna Gelpern and Edwin M. Truman wrote in a report for the Peterson Institute for International Economics after Trump’s executive order.

Nacvalovaite said some SWFs share more information publicly than others.

“Let’s not forget that there are some sovereign wealth funds which are not transparent,” she told The Center Square.

Four months ago, Bessent said the U.S. would have a fund “within the next 12 months.” That timeline could prove challenging. 

Control in the U.S. would almost certainly be an issue. Some nations assign the task to a central bank or government agency. 

Norway’s Ministry of Finance has overall responsibility for the fund. It also issues management guidelines. Norges Bank manages the fund. 

Norway’s government gets some of the money to spend.

“The Norwegian government can spend only a small part of the fund, but this still amounts to almost 20% of the government budget,” according to the bank.

On average, the Norwegian government spends only the returns – estimated to be around 3% per year – not the fund’s capital.

The report from Peterson Institute for International Economics said the proposal carries risks, especially in absence of more information

“Without much greater clarity and a broadly shared understanding on these issues, a US SWF risks becoming a misplaced fiscal gimmick and an inefficient and potentially corrupt diversion of public resources that could do long-term damage to the US and global economy and financial markets,” it concluded.

The post \Trump wants to set up a sovereign wealth fund. What is it? | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article primarily reports on President Donald Trump’s plan to create a sovereign wealth fund by outlining facts, expert opinions, and comparisons with established funds like Norway’s. It presents multiple perspectives, including cautious views from experts and references to potential risks without endorsing or criticizing the proposal explicitly. The tone remains factual and neutral, focusing on the challenges and uncertainties surrounding the plan rather than advancing a particular ideological stance. Thus, it adheres to neutral, factual reporting by conveying the complexities of the issue without framing it through partisan bias.

The Center Square

Energy advocate applauds oil and gas commingling updates | National

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www.thecentersquare.com – Tate Miller – (The Center Square – ) 2025-08-23 09:27:00


The Department of the Interior has updated oil and gas commingling rules under the Big Beautiful Bill to enhance energy production and safety. Commingling combines oil or gas from multiple sources for efficient processing, lowering costs and maximizing recovery while maintaining safety. Larry Behrens of Power the Future praised the reforms as beneficial for workers, families, and consumers. The updates, led by the Bureau of Safety and Environmental Enforcement and the Bureau of Land Management, align with Trump administration priorities to reduce regulatory barriers and promote energy dominance. Interior Secretary Doug Burgum emphasized balancing efficient production with environmental protection and stakeholder interests.

(The Center Square) – Oil and gas commingling rules have been updated in accordance with the Big Beautiful Bill in order to strengthen energy production and safety, with energy advocates’ supporting the move.

Larry Behrens from Power the Future told The Center Square: “These reforms are a win for workers and families because commingling allows domestic operators to produce more oil and natural gas at lower cost.”

Power the Future is a nonprofit dedicated to Americans working in reliable energy sources, according to its website.

“After the last four years of red tape and taxpayer-funded failures, America needs more energy,” Behrens said. “This move from the Department of Interior certainly helps deliver.”

Commingling is “the practice of combining oil or gas production from two or more sources into a single stream for measurement and processing,” according to a Department of the Interior news release.

The American Council on Renewable Energy, a group dedicated to energy forms like wind and solar, has not yet responded to The Center Square’s request for comment.

Behrens told The Center Square that “commingling lets producers use shared infrastructure, which will lower the cost of doing business and lower costs for consumers.”

“It can help maximize oil recovery while still maintaining safety and accountability through modern monitoring,” Behrens said.

When asked what else needs to be done for strengthened energy production, Behrens said that “some great next steps could be expanding existing capacity at coal plants to help get more power on the grid and continue their work to bring more reliable and affordable power online.”

“Thankfully, the Trump Administration has the gas pedal to the floor on the road to energy dominance,” Behrens said.

According to the Interior Department news release, the updates made to commingling rules “provide clear standards that support safe operations, improve efficiency and maximize recovery of America’s energy resources.”

The updates are intended to “strengthen energy production and safety.”

The updates are led by the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Land Management (BLM).

“BSEE has finalized a rule to clarify expectations for offshore commingling, ensuring production methods protect well integrity, safety and ultimate recovery,” the release said.

Meanwhile, the BLM “is issuing interim guidance to broaden commingling authority on public and tribal lands until updated regulations are complete.”

In addition to aligning with the Big Beautiful Bill’s provisions, the updates to commingling are in accordance with Trump’s executive order “Unleashing American Energy” and support “the Trump administration’s energy and regulatory priorities” by advancing the order’s goals, the release said.

The updates likewise “align with [Department of the Interior] Secretary [Doug] Burgum’s orders emphasizing safe, efficient and predictable oversight of oil and gas operations, reinforcing policies that remove unnecessary regulatory barriers while ensuring maximum resource recovery and environmental protection.”

When reached, the Department of the Interior referred The Center Square to its press release on the updates to commingling, as well as those that concern other recent efforts to “reinforce energy dominance, economic growth, and resource resilience,” as the department told The Center Square. For instance, the Interior Department recently streamlined oil and gas leasing “to advance energy independence and economic growth”; raised the annual Gulf of America revenue-sharing cap to “support coastal protection, restoration and infrastructure projects”; and set an energy leasing schedule “to expand American energy production and strengthen U.S. energy independence.”

In the release, Burgum said that “these updates make it easier to produce American energy without unnecessary bureaucratic hurdles, while at the same time protecting taxpayers, tribes and our shared energy future by ensuring production is safe, efficient and maximizes the long-term value of our resources.”

The post Energy advocate applauds oil and gas commingling updates | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Right

The article primarily reports on an update to oil and gas commingling rules with heavy focus on the perspective of energy advocates, particularly those aligned with industry and conservative-leaning policies. The tone and framing emphasize deregulation and expanding fossil fuel production as beneficial for economic growth, energy independence, and efficiency. It gives prominent space to Larry Behrens of Power the Future, a nonprofit supportive of reliable energy sources like oil and gas, and quotes that praise the Trump administration’s energy agenda. The piece also references Department of Interior initiatives and executive orders under Trump supporting energy dominance without providing critical perspectives or environmental concerns. Although it notes that a renewable energy group was contacted but not yet responded, the article does not explore arguments from environmental or progressive viewpoints. Hence, the language, sources, and framing suggest a center-right ideological stance favoring fossil fuel industry interests and deregulation, rather than neutral or balanced reporting.

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The Center Square

Georgia ICE arrests up 367 percent from 2021, making for ‘safer streets, open jobs | Georgia

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www.thecentersquare.com – Tate Miller – (The Center Square – ) 2025-08-22 09:16:00


U.S. Immigration and Customs Enforcement (ICE) arrests in Georgia surged 367% in 2025, with 4,500 illegal aliens arrested between January 20 and July 31, compared to 963 during the same period in 2021. Jessica Vaughan, Policy Studies Director at the Center for Immigration Studies (CIS), highlighted that removing criminal aliens will improve public safety and free up jobs for Americans. DHS noted arrests included serious offenders such as drug traffickers and child molesters. Homeland Security officials credit Trump-era policies for empowering ICE to remove dangerous criminals and argue that increased enforcement brings national security benefits and fiscal relief to communities.

(The Center Square) – U.S. Immigration and Customs Enforcement arrests surged by 367% in Georgia this year, with 4,500 illegal aliens arrested in the state between January 20 and July 31, compared to the  963 made under the Biden administration during the same time period in 2021, the Department of Homeland Security says.

Director of Policy Studies at the Center for Immigration Studies Jessica Vaughan told The Center Square that ”the big increase in ICE arrests in Georgia, particularly the arrests of criminal aliens, should have a noticeable effect on public safety, assuming that ICE is able to promptly process and remove them.”

The Center for Immigration Studies is an “independent, non-partisan, non-profit, research organization,” according to its website.

Vaughan said that “removing so many criminal aliens from the community will mean safer streets, safer playgrounds, and safer businesses for everyone.”

Vaughan told The Center Square that “the increase in ICE activity is noticed by other illegal aliens in the community, and many of them are realizing that even if they have not committed other crimes, they may be discovered and arrested, so they are deciding to go home on their own.

“This will open up job opportunities for Americans in Georgia, and relieve the cost to Georgia taxpayers of providing welfare benefits, health care, and education for illegal migrants and their families,” Vaughan said.

“The brunt of the problems from the border crisis under the Biden administration policies was borne by local communities, so now these communities can start to recover,” Vaughan said.

“We are stuck with American criminals, but those criminals who are here in defiance of our laws should be removed so they will not victimize more people,” Vaughan said.

According to a Department of Homeland Security news release, some of the “worst of the worst” arrested in Georgia include noncitizens who have been convicted of trafficking drugs, statutory rape, a hit-and-run, sexual battery against minors, and child molestation.

Homeland Security Assistant Secretary Tricia McLaughlin said in the news release: “Biden’s open border [policies] allowed Laken Riley’s killer to be in the country and gave him the opportunity [to] brutally murder the young Georgia nursing student.”

“President Trump promised to put Americans first and remove violent criminals from our country and that’s exactly what we are doing,” McLaughlin said.

“Thanks to his and Secretary [Kristi]  Noem’s leadership, ICE is once again empowered to remove the worst of the worst – including murderers, pedophiles, gang members, drug traffickers, and terrorists,” McLaughlin said.

Vaughan told The Center Square that “the accelerated pace of interior enforcement is a benefit to the entire country.”

“Illegal migrants who are security threats are being taken off the streets, illegal workers are being sent home, and communities will see some fiscal relief from the need to provide services and schooling to so many new arrivals,” Vaughan said.

The post Georgia ICE arrests up 367 percent from 2021, making for ‘safer streets, open jobs | Georgia appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Right-Leaning

The article presents a clear ideological stance that aligns with right-leaning perspectives on immigration enforcement. The tone and language emphasize the benefits of increased ICE arrests, framing them as improvements to public safety and economic relief for taxpayers. It highlights criticisms of the Biden administration’s immigration policies and praises actions associated with former President Trump and conservative leaders. Although it cites official sources and includes factual data, the selective emphasis on criminality among undocumented immigrants and the positive framing of aggressive enforcement reflect a right-leaning bias rather than neutral reporting.

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News from the South - North Carolina News Feed

Erin: Key Outer Banks artery remains shuttered | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – (The Center Square – ) 2025-08-22 08:31:00


North Carolina’s main route through the Outer Banks, N.C. 12, remains closed on Ocracoke and Hatteras Islands after Hurricane Erin caused flooding and sand buildup. Closures are between the Northern Ferry Terminal and Pony Pens on Ocracoke, and between Marc Basnight Bridge and Hatteras Village on Hatteras Island. Road reopening depends on sand removal and pavement damage assessment. As of 5 a.m., Hurricane Erin was transitioning to a post-tropical storm about 425 miles south-southwest of Halifax, with 90 mph winds and moving at 22 mph. Hurricane-force winds extended 125 miles from the center; tropical storm-force winds reached 370 miles. No coastal warnings remain.

(The Center Square) – North Carolina’s primary driving route through the Outer Banks on Friday morning remained closed on Ocracoke Island and Hatteras Island.

N.C. 12 was washed over by water and sand from the ocean following the pass of Hurricane Erin. The closure on Ocracoke Island is between the Northern Ferry Terminal and the National Park Service Pony Pens; on Hatteras Island, it is between the Marc Basnight Bridge and Hatteras Village.

In addition to sand removal, pavement damage would determine how long sections of N.C. 12 are to remain closed.

In the 5 a.m. update from the National Hurricane Center, Erin was in the first stages of post-tropical transition about 425 miles south-southwest of Halifax, Nova Scotia, and about 700 miles north of Bermuda. Maximum sustained winds were 90 mph, and the movement had increased to 22 mph.

Hurricane force winds of 74 mph or greater were up to 125 miles from the center of the storm, and tropical storm force winds of 39 mph or greater had grown to 370 miles from the center. A gust of 56 mph was reported on Bermuda at Wade International Airport.

No coastal watches or warnings were in effect on the Atlantic Seaboard.

The post Erin: Key Outer Banks artery remains shuttered | North Carolina appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The article provides a straightforward factual report about the closure of N.C. 12 due to the impact of Hurricane Erin. It relays information from official sources such as the National Hurricane Center without editorializing or inserting opinion. The language is neutral and focused solely on the event and its consequences, without promoting or criticizing any political stance or ideology. This adherence to objective reporting indicates no discernible political bias in the content.

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