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Biden to Announce New Efforts to Narrow the Racial Wealth Gap

By Christina Wilkie, CNBC •
Updated 1 hour ago
Kevin Lamarque | Reuters
President Joe Biden will announce new measures on Tuesday that his administration will take to help narrow the racial wealth gap in America.
Biden will announce the rollback of two Trump-era housing rules, an increase in the share of federal contracts for small, disadvantaged businesses and a new initiative to address inequity in home appraisals.
The announcement will coincide with Biden s trip to Tulsa, Oklahoma to commemorate the 100th anniversary of the Tulsa race massacre, one of the worst episodes of racial violence in U.S. history.
WASHINGTON President Joe Biden will announce new measures his administration is taking to narrow the racial wealth gap on Tuesday, during a trip to Tulsa, Oklahoma, to commemorate the 100th anniversary of the Tulsa race massacre. ....

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Biden: "This was not a riot. This was a massacre."

Biden: This was not a riot. This was a massacre.
Mandel Ngan/AFP via Getty Images
President Biden said during his speech in Tulsa that there was no proper accounting of the dead from the Tulsa Race Massacre that occurred 100 years ago.
The death toll records by local officials said there were 36 people. That s all. Thirty-six people. Based on studies, records, and accounts, the likelihood the likely number is much more in the multiple of hundreds, Biden said.
The President said that an untold number of bodies were dumped into mass graves, adding, the process of exhuming the unmarked graves has started. ....

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Biden unveils effort to eliminate unfair appraisals in Black communities as Tulsa tragedy remembered

The Biden administration said Tuesday it will "root out" discrimination in home appraisals and increase the share of federal contracts going to minority-owned businesses by 50% by 2026, or an additional $100 billion. ....

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Joe Biden visits Tulsa to honor Black victims of 1921 massacre

President Biden on Tuesday marked the 100th anniversary of one of the worst acts of racial violence in U.S. history by touring the part of Tulsa once known as "Black Wall Street," condemning White supremacy and outlining steps to promote minority-owned businesses, saying too many hurdles remain a century after the tragedy. ....

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Biden-Harris Administration Announces New Actions to Build Black Wealth and Narrow Racial Wealth Gap

The White House
One hundred years ago, the thriving Black community of Greenwood in Tulsa, Oklahoma, known as “Black Wall Street,” was ruthlessly attacked by a violent white supremacist mob. An estimated 300 Black Americans were killed and another 10,000 were left destitute and homeless.
The destruction wrought on the Greenwood neighborhood and its families was followed by laws and policies that made recovery nearly impossible. The streets were redlined, locking Black Tulsans out of homeownership and access to credit. Federal highways built through the heart of Greenwood cut off families and businesses from economic opportunity. And chronic disinvestment by the federal government in Black entrepreneurs and small businesses denied Black Wall Street a fair shot at rebuilding. These are the stories of Greenwood, but they have echoes in countless Black communities across the country. ....

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