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Biden eyes grants, federal purchasing to narrow racial wealth, home ownership gaps

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Reuters

By Andrea Shalal WASHINGTON (Reuters) – 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. He will unveil the m…

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