White House directs federal pension fund to halt investments in Chinese stocks
"...President Trump and the Labor Department directed a board in charge of federal retirement dollars to halt plans to invest in Chinese companies.
Labor Secretary Eugene Scalia warned the current plan for federal retirement savings would place billions of dollars “in risky companies that pose a threat to U.S. national security.”
At issue is the management of the Thrift Savings Plan, a retirement savings fund for federal employees and members of the military.
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