5 things to know Wednesday


Biden lays out new efforts to ease supply chain congestion

President Joe Biden is scheduled to visit the Port of Baltimore Wednesday to promote  his $1.2 trillion infrastructure bill, which allocates funding to modernize the supply chain. While the president has yet to sign the bill into law, administration officials said they’ve started preparing to get the dollars out the door over the next few months.The bill provides billions of dollars for repairing outdated infrastructure at costal ports and upgrading obsolete inspection facilities. Supply-chain disruptions – caused by a variety of factors including backups at ports and warehouses, a shortage of truckers, factories having to close because of the coronavirus pandemic and a lack of shipping containers – have resulted in shortages and higher prices for consumers. They’re also a drag on the economy and are causing political problems for the administration. 

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