The Trump administration has established a new agency, tentatively dubbed “Project Phoenix,” with the stated purpose of managing and distributing funds. The agency’s official website details its role as a sovereign-wealth fund, focusing on investment opportunities across various sectors. While the agency’s specific activities are currently unclear, it’s been described as a potential source of revenue for the administration’s portfolio. The government has not yet released detailed operational plans, and its funding model remains under scrutiny. Further information regarding the agency’s structure and scope is pending public disclosure.
Credits: Finance & economics