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From the opinion pages of the Wall Street Journal, this is Potomac Watch. President Trump signs an executive

order to set up a U.S. sovereign wealth fund, maybe even to buy TikTok. Meantime, the Doge effort to

streamline the government gets put on temporary pause and heads into the federal courts.

Welcome, I'm Kyle Peterson with the Wall Street Journal.

We're joined today by my colleagues, columnist Alicia Finley, and Kim Strassel.

The flurry of executive actions from the White House continues,

including one ordering the Treasury and Commerce Departments to create a plan for

establishing a sovereign wealth fund in the United States. Let's start with Donald Trump and then

Treasury Secretary Scott Bessent in the Oval Office this week, explaining their idea.

We're going to have a sovereign wealth fund, which we've never had. We have a lot of things that

create wealth, and you're seeing that over the last two weeks, I think we've created more wealth. Other people have created de-wealth, the people my predecessors. We're creating a lot of wealth. So other countries have sovereign wealth funds, and they're much smaller countries, and they're not in the United States.

We have tremendous potential in this country.

Tremendous.

You're seeing that what's happened just in a short period of time.

And as an example, Tick-Tock, we're going to be doing something perhaps with Tick-Tock and perhaps

...