Biden and Trump Are Both Eyeing a Sovereign-Wealth Fund. Why?

Republicans and Democrats seem to agree on very little these days. But officials from both parties are intrigued by the idea of the U.S. deploying a new economic tool: a sovereign-wealth fund.

White House officials say they have been working for several months on the design of such a fund. The fund would provide capital to advance strategic interests such as early-stage technology and energy security as competition with China heats up.