President Donald Trump just called it quits and the nation is completely stunned. Millions of Americans can’t believe this happened, but the news is official. It is the talk of Washington politics now.
“President Trump has ordered a board not to go forward with a plan to invest United States federal employees’ retirement savings in an index that includes Chinese firms,” reported Breitbart News this week.
Trump’s move is reportedly the result of an ongoing reassessment of U.S. relations with China, particularly due to the highly-contagious COVID-19 virus, which originated in the Chinese city of Wuhan and has engulfed the world.
A few days ago, on May 11, Labor Secretary Eugene Scalia delivered the order by letter to the Federal Retirement Thrift Board (FRTIB) and made it clear that the request was “at the direction of President Trump.”
Scalia said in his letter that the board “is to immediately halt all steps associated with investing” in the index. After all, American taxpayers shouldn’t be on the hook for such a risky and potentially disastrous investment.
In fact, Congressman Jim Banks (R-IN) pointed out in a statement that some of the funding would go to firms with connections to the Chinese military. “US taxpayers shouldn’t be helping build an adversary’s military,” he said.
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