WASHINGTON - 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.
Administration officials said they had no further news about any plans to cancel high levels of student debt. - Expanding federal contracting with small, disadvantaged businesses by 50% to some $100 billion over five years, harnessing the buying power of the federal government, the world's single biggest purchaser of goods
- A new inter-agency push to use standards, enforcement and regulatory action to reduce the gap in appraised values in minority and white communities that nearly doubled between 1980 and 2015, according to research by the University of Pittsburgh - Home ownership rates are much lower in communities of color, with just 49% of Latinos and 45% of Black Americans owning their own homes, compared with 74% of white Americans.
Biden get off the racial crap