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President Joe Biden said the government would pay the “entire cost” of rebuilding the Francis Scott Key Bridge in Baltimore, Maryland, after a cargo ship hit the bridge and caused it to collapse early Tuesday morning.
Asked if the company behind the ship should be held responsible and pay for the repairs, Biden responded, “We’re going to pay to get the bridge rebuilt and open.”He said he spoke with Secretary of Transportation Pete Buttigieg and “told him, ‘We’re going to spend all the federal resources they need as we respond to this emergency. I mean all the federal resources, and we’re going to rebuild that port together.
He said the bridge is also “critical…for travel” for the northeast corridor. “Over 30,000 vehicles cross the Francis Scott Key Bridge on a daily basis. It’s virtually…one of the most important elements for the economy in the Northeast and the quality of life,” he said. that the bridge’s collapse will create risks to the U.S. economy of additional inflation, diminished productive capacity, and larger government deficits.
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