The Trump administration has begun drafting an executive order that would kick off the process of eliminating the Department of Education, the latest move by President Donald Trump to swiftly carry out his campaign promises,

WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday said he would like to close the U.S. Department of Education using an executive order but acknowledged he would need buy-ins from Congress and teachers' unions to fulfill his campaign pledge to do so.

The Trump administration is hoping to drastically shrink the Education Department, using an executive order now in the works. The order — as described by three people briefed on its contents, speaking on the condition of anonymity because they were not authorized to publicly discuss internal issues — would seek a plan for Congress to abolish the department altogether,

President Donald Trump’s executive order to create a plan for a U.S. sovereign wealth fund would follow those of Norway, Saudi Arabia, China and others.

President Donald Trump signed an executive order Monday to begin the process of creating what would be the first U.S. sovereign wealth fund, a government-owned investment vehicle that he said would create “a lot of wealth” for taxpayers.

It is unclear how the United States, which already spends more money than it collects in taxes, would finance such a fund.