Transportation
Yellen Sees Insurance Payouts Helping Fund New Baltimore Bridge
A US Coast Guard helicopter flies over the Dali container vessel after it struck the Francis Scott Key Bridge in Baltimore, Maryland on March 26.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week.
“My expectation would be that, ultimately, there’ll be insurance payments in part to cover this,” Yellen said in an interview on MSNBC Wednesday. “But we don’t want to allow worrying about where the financing is coming to hold up reconstruction.”