U.S. Treasury Secretary Janet Yellen addressed concerns regarding the funding for the reconstruction of the Francis Scott Key Bridge collapse, following President Joe Biden's earlier statement that U.S. taxpayers would cover the costs. Yellen appeared on MSNBC to clarify that money from the bipartisan infrastructure law could potentially assist in the reconstruction process.
Yellen emphasized that insurance payments would likely play a role in covering some of the expenses, but stressed the importance of not allowing financial uncertainties to delay the reconstruction efforts. Her comments came in response to Biden's assertion that the federal government would bear the entire cost of rebuilding the bridge, with his expectation for Congress to support this initiative.
While acknowledging that the reconstruction process would require time, Biden reassured the people of Baltimore that they could rely on the government's commitment to the project. The collaborative efforts between the administration and Congress aim to ensure the timely and effective reconstruction of the Francis Scott Key Bridge, providing a sense of assurance to the community.
