Baltimore, MD - Mar. 28, 2024  -  As plans form to clear a disabled ship and the debris of the Key Bridge so Baltimore's port can reopen, Maryland authorities on Thursday requested an initial emergency relief funding of $60 million from the Biden Administration.

Analysts at Barclays told CNN insurance claims from the catastrophe that has closed the nation's ninth-busiest port could range from $1 billion to $3 billion. The bridge by itself could be worth more than $1.2 billion, said Loretta Worters, a spokesperson for the Insurance Information Institute.

When President Joe Biden spoke about the fatal Key Bridge collapse in Baltimore, he vowed that, with the help of Congress, the federal government would pay for the entire cost of the cleanup, as well as construction of a new bridge and Interstate 695 section.

Rep. Dan Meuser (R-Pa.) criticized President Biden on FOX News Thursday for promising the federal government will foot the bill for the cleanup and rebuild.... Read More: Pikesville Patch