May 13, 2020

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. ..."

Read more at CNBC