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News Wrap: Biden administration to invest $241M to improve ports, ease inflation

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In our news wrap Thursday, Transportation Secretary Pete Buttigieg announced more than $241 million in grants to improve U.S. ports. Low mortgage rates and high demand during the pandemic have caused new home sales in the U.S. to jump 12.4 percent in November, compared to last month. At least four people were injured in Texas after a "major industrial accident" at the ExxonMobil plant in Baytown.

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Category
U.S. & Canada
Tags
Supply chain, port backlog, economic news
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