US Treasury Secretary Steven Mnuchin: Trump has suspended the sovereign wealth fund plan and is focusing on debt issues.

US Treasury Secretary Steven Mnuchin said that the Trump administration has paused plans to create a sovereign wealth fund because the president has made paying off the national debt a top priority. "I think the president has decided to pause that for now so we can continue to focus on other things we are doing," Mnuchin said on Friday. "He said a few days ago that we may spend more time on debt repayment. He is focused on repayment."