Speaking at the Port of Baltimore, President Joe Biden said his just-passed $1 trillion infrastructure bill would help unclog the nation's ports. Port congestion has been a major source of supply shortfalls, which have driven up prices
Broad-based gains from pork chops to gasoline, sports tickets and health insurance suggested the issue was not a one-off, as the White House has largely maintained was the case through 2021.The trip would have been more of a victory lap under different circumstances. Lawmakers on Friday passed a $1 trillionBaltimore's port is one of the nation's busiest, and it is set to benefit from billions of dollars that the bill has set aside for ports alone.
Issues like those have turned Biden's White House into an economic emergency response team. Biden on Tuesday The Port of Baltimore imports and exports more autos, farm machinery and construction equipment than any other U.S. port. It employs more than 15,300 people. Now, Biden is trying to close a deal on a roughly $1.75 trillion proposal to expand the country's social safety net and fight climate change.
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