In an executive order, President Donald Trump has crafted a plan for what’s called a sovereign wealth fund. Among other things, he said that the fund could buy TikTok.
According to both the Constitution and the Impoundment Control Act of 1974, the president does not have the authority to spend or hold back funding Congress has appropriated.
A new report by the First Street Foundation finds rising insurance costs and homeowners factoring in climate risk into purchase decisions could lower property values.