President Joe Biden promises federal aid for rebuilding collapsed Baltimore bridge after cargo ship crash

From Investing.com: 2024-04-05 20:42:50

President Joe Biden visited the collapsed Baltimore bridge and promised federal aid for rebuilding, despite Republican resistance. The cargo ship crash killed six people and disrupted the shipping channel through Baltimore’s port. Biden vowed to restore normalcy and hold those responsible accountable while meeting with the victims’ families.

The Port of Baltimore faces economic hardship with thousands of workers idled since the accident. The White House requested over $2 billion for bridge replacement, met with opposition in the Republican-controlled House. The Freedom Caucus demanded maximum liability from foreign shipping companies and spending cuts to offset aid for rebuilding.

Following the collapse, Biden pledged full government funding for the bridge’s reconstruction and allocated $60 million in emergency relief. The White House aims to recover costs and decrease the financial burden on American taxpayers. Talks with House Speaker Mike Johnson’s office discussed aid for Ukraine, Israel, and bridge repair, all tied to navigate Republican demands.



Read more at Investing.com: Biden surveys collapsed Baltimore bridge, pledges help By Reuters