Biden to unveil $3 billion investment in U.S. ports in Baltimore

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President Biden group to sojourn Baltimore Tuesday pinch a large announcement

President Biden group to sojourn Baltimore Tuesday pinch a large announcement 01:32

President Joe Biden is group to denote a $3 cardinal finance to upgrade ports crossed nan U.S. during a Tuesday extremity astatine nan Port of Baltimore.

The finance from his Inflation Reduction Act includes $147 cardinal successful grants for nan Port of Baltimore to decarbonize its cargo handling operations, nan White House said successful a statement. 

The president besides planned to definitive support for longshore national members concerned astir automation taking distant their jobs, a cardinal rumor successful a three-day strike astatine East and Gulf Coast ports earlier this month. 

"This backing will protect and create good-paying and national jobs and amended moving conditions by upgrading larboard operations and infrastructure to cleaner equipment, while ensuring cleaner aerial for larboard workers and adjacent communities," nan White House said successful a news release.

The national costs will thief acquisition "battery-electric and hydrogen-powered human-operated and human-maintained equipment," according to nan Biden administration. U.S. ports are nan "lynchpin of our nation's proviso chains," and employment 100,000 national workers, nan connection added.

Mr. Biden is group to denote nan inaugural astir 2 p.m. Eastern time. 

Kate Gibson

Kate Gibson is simply a newsman for CBS MoneyWatch successful New York, wherever she covers business and user finance.

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