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Economic news

Biden announces $3 billion investment for US ports

10/29/2024

Less than a minute

2024.10.29 05:25

© Reuters. The cargo ship 'Dali' moves from the Francis Scott Key Bridge to the Seagirt Marine Terminal at the Port of Baltimore in Baltimore, Maryland, U.S. May 20, 2024. REUTERS/Nathan Howard/File Photo

(Reuters) – U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country’s port infrastructure.

The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.

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10/29/2024

Less than a minute