“Top aides to President Joe Biden have been crafting a proposal to create a sovereign wealth fund that would allow the U.S. to invest in national security interests including technology, energy, and critical links in the supply chain,” Bloomberg reports.
Save to FavoritesYou're reading the free version of Political Wire
Upgrade to a paid membership to unlock full access. The process is quick and easy. You can even use Apple Pay.
- ✔ Become a member to get many great benefits.
- ✔ If you're already a member, log in for the full experience.
Recent Posts
Steve Bannon Calls Elon Musk a ‘Truly Evil Person’
Steve Bannon launched a stinging attack on Elon Musk, calling him a “truly evil person,” the New York Times reports. Said Bannon, to an Italian newspaper: “I will get Elon…
Marjorie Taylor Greene Has the Solution to Wildfires
Rep. Marjorie Taylor Greene (R-GA) on X: “Why don’t they use geoengineering like cloud seeding to bring rain down on the wildfires in California? They know how to do it.”…
DOGE Won’t Even Be a Legal Entity
The “Department of Government Efficiency” run by Elon Musk and Vivek Ramaswamy is “now unlikely to incorporate as an organized outside entity or nonprofit,” the New York Times reports. “Instead,…
Quote of the Day
“The idea that, you know, a billionaire can buy something and say, by the way, from this point on, we’re not going to, we’re not going to fact check anything…
China’s Trade Surplus Reaches $1 Trillion
“China announced on Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country’s own businesses and households spent cautiously on…
Fortune Tricked Into Publishing Fake Story
“Fortune published a story Thursday that was wrought with dubious claims about changes Elon Musk was alleged to have been planning to roll out for X users in the coming…
Pete Hegseth Doesn’t Have the Votes Yet
John Fund: “Susie Wiles, who co-chaired Donald Trump’s campaign and is now his incoming chief of staff, helped pilot her boss through an electoral effort that, by Trump standards, was…
How Lagging Vaccination Could Lead to Polio Resurgence
“Most American parents hardly give thought to polio beyond the instant their child is immunized against the disease. But there was a time in this country when polio paralyzed 20,000…
Moon Over Mars?
“Trump confidant Elon Musk wants NASA to drop its ambitious plans to return to the moon and instead head straight to Mars. Congress is ready to put up a fight,”…
Trump’s Tariffs Tradeoff
“President-elect Trump has said he wants to slap aggressive tariffs on all sorts of U.S. imports as soon as Day 1 of his administration. But taking shock-and-awe action would come…
House Democrats Plan $10 Million Opening Salvo for 2026
“A non-profit closely aligned with House Minority Leader Hakeem Jeffries (D-N.Y.) is preparing its first major investment in the 2026 election with a campaign aimed at dinging Republicans on the…
Confirmation Hearings Open in Test of Trump’s Power
“The battle over President-elect Donald Trump’s cabinet choices will escalate this week with Senate confirmation hearings set for more than a dozen prospective nominees, who will face a barrage of…
Cuomo Leads the Field for New York City Mayor
“Former Gov. Andrew Cuomo trounces Mayor Eric Adams and other candidates in a Democratic mayoral field Cuomo has not yet entered — but his negatives are among the highest of…
Military Debates Possible Deployment on U.S. Soil
Politico: “According to nearly a dozen retired officers and current military lawyers, as well as scholars who teach at West Point and Annapolis, an intense if quiet debate is underway…
The Washington Post’s Traffic Tanks
The Washington Post’s daily traffic last year “reached a nadir of just a quarter of what it was at its peak in January 2021,” Semafor reports. “That month, the Post…
Los Angeles’ Mayor Said She Would Not Go Abroad
New York Times: “Her broken promise to cut off overseas travel and her busy international schedule since becoming mayor in December 2022 scarcely registered with the public before the wildfires,…
Republicans May Tie Wildfire Relief to Debt Ceiling
“A group of House Republicans and President-elect Donald Trump talked about tying wildfire aid to a debt ceiling increase Sunday night, as the fires spreading across huge swaths of Los…
Chuck Todd to Exit NBC News
“Chuck Todd has quietly been meeting with Washington media organizations about his post NBC-future,” Semafor reports. “The former host of Meet The Press has told top editors and leaders from…
Vance Says There’s a Deal to Be Made in Greenland
Vice President-elect J.D. Vance said in an interview aired Sunday that “there’s a deal to be made in Greenland” amid President-elect Trump’s indication that he wants the U.S. to own…
Biden’s Legacy Tied to His Decision to Run Again
Dan Balz: “He has much to point to, from an economic recovery out of the pandemic that, despite inflation, is the envy of other countries; to bipartisan legislation to rebuild…