President Joe Biden will unveil a $292 million mega grant to construct a rail tunnel under the Hudson River connecting New York and New Jersey as part of his campaign to contrast his economic agenda with Republicans.

The funding comes from the $1.2 billion in mega grants that the 2021 infrastructure legislation will distribute.

After visiting Baltimore on Monday to promote the replacement of an outdated train tunnel, the Democratic president traveled to New York City to guarantee that infrastructure investment would increase economic development and generate blue-collar employment, per AP News.

The two visits of Joe Biden represent a type of oppositional programming to the newly elected House Republican majority. Federal spending is a drag on economic development, according to Republican legislators, who are demanding drastic cutbacks in return for raising the government's legal borrowing limit.

Read Also: Pakistan Bombing Update

The White House has said that the approximately $300 million in government money for the long-delayed Hudson River Tunnel would help finish a crucial early phase of the project with a $292 million mega grant, per The New York Post.

According to a White House information sheet, the funding will go to Amtrak and be used in part to build the last segment of concrete casing that would safeguard the future right-of-way for the new passenger rail tunnel beneath the Hudson River in New York City.

McCarthy To Face Biden

In related news, House Speaker Kevin McCarthy said on CBS' "Face the Nation" that he and President Joe Biden will meet at the White House on Wednesday to talk about raising the debt ceiling and how Republicans feel about the budget, which includes the $292 million mega grant.

McCarthy noted that he wants to "find a sensible and responsible approach" where the US government could increase the debt limit but "take control of this runaway spending," according to CBS News.

The speaker blasted Democrats for boosting expenditure and said the US "can't continue down" this road."

Related Article: Madison Brooks' Death Latest Developments