WASHINGTON (Reuters) – Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
FILE PHOTO: U.S. President Donald Trump participates in the daily coronavirus task force briefing at the White House in Washington, U.S., April 20, 2020. REUTERS/Jonathan Ernst
The campaign, which includes letters and calls from Republicans and a sharply worded memo shared with White House Chief of Staff Mark Meadows, coincides with heightened U.S.-China tensions over the origins of the coronavirus pandemic.
At issue is whether administrators of the Thrift Savings Plan (TSP), a retirement savings fund similar to a 401(k) for federal employees and members of the military, should allow its $50 billion international fund to track an index that…
Source Reuters Tech News
Source link
