WATCH LIVE: President Biden to announce infrastructure funding for new rail tunnel under New York’s Hudson River
President Biden is showcasing 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 president is speaking from inside the tunnel where the construction project is taking place and where trains are serviced.
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 histo 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.
"I don't think there's anyone in America who doesn't agree that there's some wasteful Washington spending that we can eliminate," McCarthyTo some in the Biden administration, the Hudson Tunnel Project demonstrates what could be lost if spending cuts are put into place. In total, the construction is projected to result in 72,000 jobs, according to the White House.
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