White House directs federal pension fund to halt investments in Chinese stocks
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"...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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