President Joe Biden has announced an investment of $1 billion from the Bipartisan Infrastructure Bill to accelerate cleanup and restoration of the Great Lakes' most environmentally degraded sites.
Speaking at The Shipyards in Lorain, Ohio, Biden said his administration is going to accelerate cleanup of sites across six states in the Great Lakes Basin — from Duluth, Minnesota, to Milwaukee, Wisconsin; Gary, Indiana, to Buffalo, New York, which have been dangerously polluted for decades.
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.