Creation of U.S. Sovereign Wealth Fund and Potential Purchase of TikTok

President Trump signed an executive order to create a sovereign wealth fund that could potentially buy TikTok. The fund would need approval from Congress and could be funded by tariffs. The fund may be structured similarly to the U.S. International Development Finance Corp.

Supreme Court ruling on Consumer Financial Protection Bureau funding mechanism

The Supreme Court ruled in favor of the Consumer Financial Protection Bureau's funding mechanism, allowing it to bypass the usual appropriations process. Justice Clarence Thomas authored the majority opinion, with dissent from Justices Alito and Gorsuch.