U.S. Federal Task Force to Assess Baltimore Bridge Collapse
Assessing the Impact of the Baltimore Bridge Collapse
Janet Yellen, U.S. Treasury Secretary, announced that a federal supply chain task force would convene to evaluate the recent Baltimore bridge collapse and port closure. The collapse of the Francis Scott Key bridge in Baltimore, Maryland, occurred after a freight ship collided with it, resulting in the presumed deaths of six construction workers who fell into the frigid water below.
Efforts to Reopen the Port of Baltimore
During an interview on MSNBC while in Georgia, Yellen emphasized the administration’s commitment to swiftly reopening the Port of Baltimore, highlighting its significance in the country. The supply chain task force, initially established to address COVID-19-related port disruptions contributing to inflation, will gather to analyze the latest developments concerning the Baltimore port’s status.
Steps to Address the Bridge Collapse
Yellen confirmed that close monitoring of the situation is ongoing, with readiness to take necessary actions to support recovery efforts. When questioned about President Joe Biden’s commitment to fund the bridge reconstruction, she expressed confidence in insurance contributions covering a portion of the costs. Emphasizing the administration’s focus on expeditious reconstruction, Yellen underscored the importance of not allowing financial concerns to impede progress.
