Sec. Yellen tries to cover for Biden following bridge rebuilding pledge

by ian

It looks like Treasury Secretary Janet Yellen is on damage control this week.

President Joe Biden said on Monday that US taxpayers would be footing the bill of the Baltimore bridge reconstruction effort. But Yellen took to MSNBC yesterday to walk back those comments.

The insurer of the container ship, Britannia, is investigating the collapse of the bridge. Reuters reports that the tragedy could lead to $4 billion in insurance claims, which could become “the largest single marine insurance loss ever.”