Biden to announce $292 million for new rail tunnel under New York's Hudson River

New day, new tunnel.

President Biden is ready to showcase a $292 million mega grant that will be used to help build a new rail tunnel beneath the Hudson River between New York and New Jersey, part of a broader effort to draw a contrast between his economic vision and that of Republicans.

The money is part of $1.2 billion in mega grants being awarded under the 2021 infrastructure law. The Democratic president's trip to New York City comes on the heels of his stop Monday in Baltimore to highlight the replacement of an aging rail tunnel there, where he pledged that government spending on infrastructure will boost economic growth and create blue-collar jobs.