Yahoo Finance White House Requests $4 Billion for Baltimore Bridge, Disasters
The Biden administration has requested $4 billion in emergency funding from Congress to help pay for the replacement of the collapsed Francis Scott Key Bridge in Baltimore, Maryland, as well as for additional disaster relief spending.
In a letter to House Speaker Mike Johnson Friday, Office of Management and Budget Director Shalanda Young said she was reiterating her October request for emergency funding, citing the bridge collapse as well as “the devastating fires on Maui last summer, and tornado survivors in Iowa, Nebraska, Oklahoma, and throughout the Midwest.”
About $3.1 billion of the request is for highways and bridges damaged by disasters throughout the U.S., including the Baltimore bridge.
The White House repeated its commitment to covering the full cost of the Baltimore bridge cleanup and replacement. No specific number was cited for the bridge project but estimates put the cost close to $1.7 billion.
