A controversial shift in economic policy is unfolding as the administration explores unprecedented steps toward government control of private enterprises, despite public remarks downplaying the seriousness of the effort. Legal and economic experts warn such measures could reshape industries and raise constitutional concerns over executive overreach. The move follows a pattern of aggressive regulatory actions framed as temporary solutions to crises. Critics argue the approach risks setting a dangerous precedent for future administrations.
President Donald Trump's joking tone belies his very real moves to take government ownership of private companies.