Treasury Secretary Janet Yellen clarified expectations regarding the financing for the reconstruction of the collapsed Key Bridge in Baltimore. Initially, President Biden had declared that the costs would be covered by taxpayers. However, Yellen has since walked back on this statement, indicating that insurance payments are expected to ultimately contribute in part to the rebuilding efforts. She emphasized the importance of not letting concerns about reconstructino financing delay the reconstruction process. This stance was reiterated across various platforms, including an interview on MSNBC, highlighting the administration's focus on utilizing insurance funds rather than taxpayer dollars for the project.
Yellen expects insurance payments, not taxpayer dollars, to fund cost of new Baltimore bridge. READ: https://t.co/1Ur3dWT6il #Yellen #Baltimore #Bridge #taxes #economy #JoeBiden #news #viral #explorepage https://t.co/q98LT3hual
Treasury Sec. Yellen: ‘There will be insurance payments’ to cover Baltimore Bridge collapse @SecYellen @MSNBC https://t.co/MnAhiO23wr
“My expectation would be that, ultimately, there’ll be insurance payments in part to cover this,” Secretary Yellen said in an interview on MSNBC. “But we don’t want to allow worrying about where the financing is coming to hold up reconstruction.” https://t.co/9cvhk8c24h
Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week https://t.co/C0hQKFzE1U
Janet Yellen walks back Biden's declaration that US taxpayers will cover the cost of a new Key Bridge in Baltimore: "My expectation would be that ultimately there'll be insurance payments." https://t.co/FprkQyWGwa
Treasury Sec. Janet Yellen walks back Biden's declaration that taxpayers will cover the cost of a new Key Bridge in Baltimore: "My expectation would be that ultimately there'll be insurance payments." https://t.co/WjmmnxvoVw
❖ YELLEN: EXPECT INSURANCE TO IN PART COVER BRIDGE REBUILD
❖ YELLEN SAYS WILL BE SOME INSURANCE PAYMENTS COMING FOR BRIDGE, BUT DON'T WANT TO WORRY ABOUT RECONSTRUCTINO FINANCING