Trump turned the government into an investor. Democrats have shopping plans, too.
Progressives are already weighing how to handle stakes in private companies to achieve their own goals, with an eye on 2028.
President Donald Trump has been purchasing government stakes in private companies, with 43 equity stakes announced so far. Many of these deals were made without explicit legal authority. Democrats are also exploring the use of equity stakes for their own purposes, signaling that this government intervention in the private sector could become a permanent trend.
The precedent set by Trump may benefit future Democratic presidents, who could use equity stakes to rein in AI, reduce defense spending, or pressure other industries. Some Democrats are cautious about the possibility of Trump selling off his equity stakes after the next election, but others believe the government can responsibly manage these investments.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
