Biden eyes grants, federal purchasing to narrow racial wealth, home ownership gaps
Reuters | Jun 01, 2021 05:03 PM EDT
U.S. President Joe Biden arrives at Tulsa International Airport on a visit to mark the centennial anniversary of the 1921 Tulsa race massacre in Tulsa, Oklahoma, (Photo : REUTERS/Carlos Barria)
President Joe Biden will announce steps on Tuesday to narrow the large and persistent racial wealth gap that divides Black, Latino and white Americans, although he will stop short of a cancellation of student loan debt demanded by civil rights groups.
Biden, a Democrat, will call for billions of dollars in grants and investments to benefit poor minority communities, as well as a big increase in federal procurement from small, disadvantaged businesses, and a crackdown on housing discrimination, administration officials told reporters.