President Joe Biden on Wednesday touted his economic agenda in a speech at the Port of Baltimore, saying his plans will help with rising prices after an October reading on inflation came in hotter than expected.
“With the bill we passed last week, and the steps we’re taking to reduce bottlenecks at home and abroad, we’re set to make significant progress,” Biden said, referring to the bipartisan infrastructure bill approved by the House, as well as other priorities for his administration such as a new “action plan” for ports, waterways and related facilities.
In his speech in Maryland’s biggest city on Wednesday, the president said the Port of Baltimore will be getting a $125 million grant to upgrade a key 126-year-old tunnel “so freight trains can come double-stacked through that tunnel.” Meanwhile, Sen. Joe Manchin of West Virginia — a key moderate Democratic whose support is crucial given the Senate’s 50-50 split — may delay Biden’s social spending plan due to inflation, said an Axios report citing people familiar with the matter. That report came after Manchin expressed fresh concerns about rising prices in a tweet.
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