Biden’s recovery plan in first 100 days will benefit shipping
The president’s policies so far have created a rising economic tide that is lifting all ships, but his administration — absent of key appointees — has yet to develop a specific maritime agenda
There is no doubt that the US economy is rebounding due to Mr Biden’s efforts, which have largely resulted in more money being spent on services and consumer goods that benefit shipping
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‘These grants go directly to small shipyards across the country and will help protect and create local jobs, strengthen America’s maritime industry, and bolster our economic security,’ said transportation secretary Pete Buttigieg
The Republican proposal is heavy on highway funding, allocating $299bn for roads and bridges, $61bn for transit, $44bn for airports, $20bn for rail, but sticks to the $17bn set aside for ports and inland waterways in the president's American Jobs Plan
As an investment in the nation’s freight system the $17bn is only a small amount, but hardly surprising given the relatively high B- grade assigned to the nation’s ports in a recent report by the American Society of Civil Engineers
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