The government agency relying on Wall Street to go up against China’s soft power
Government
The Development Finance Corporation (DFC), a little-known government agency, opened its first Wall Street outpost last week — and it’s got $205 billion and a mission to out-invest China on the world stage. “American investment is one of the – if not the most – powerful tools of economic statecraft,” DFC chief executive officer Ben Black told me about the agency’s strategy. While DOGE and Congress took a machete to agency budgets across Washington, the DFC did the opposite — tripling its war
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