Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sens. Mitt Romney (R-Utah) and Mark Warner (D-Va.) Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images.

After weeks of long nights and endless Zoom calls, a bipartisan group of senators finally reached a deal on "the major issues" in their $1.2 trillion "hard" infrastructure package, GOP senators involved in the talks announced Wednesday.

Why it matters: It could be days before the group finishes writing the bill, but the Senate can begin debating the legislation in earnest now that they have resolved the outstanding issues. The bill needs 60 votes to advance in the Senate.

  • Senate Majority Leader Chuck Schumer (D-N.Y.) said that the Senate could vote as early as Wednesday night to advance the proposal, the second time they will vote on this procedural measure.
  • Schumer also insists he's prepared to keep the Senate in session over the weekend to finish the bipartisan infrastructure bill: "It’s time for everyone to get to yes,” he announced on the floor on Monday.
  • Senate Democrats plan to hold a special caucus meeting at 1pm to learn more about the bill, two sources familiar with the meeting tell Axios.

By the numbers: The deal is expected to cost $1.2 trillion over eight years, and offers more than $550 billion in new spending, including ...

  • $110 billion in new funds for roads, bridges, and major projects, $40 billion of which is new funding for bridge repair, replacement, and rehabilitation and $17.5 billion for major projects.
  • $73 billion for the country's electric grid and power structures.
  • $66 billion for rail services.
  • $65 billion for broadband.
  • $55 billion for clean drinking water.
  • $21 billion in environmental remediation.
  • $50 billion for flooding and coastal resiliency.
  • $39 billion in new transit funding to modernize transit. This is the largest federal investment in public transit in history, according to the White House.
  • $25 billion for airports.
  • $17 billion in port infrastructure.
  • $11 billion in transportation safety programs.
  • $7.5 billion for electric vehicles and EV charging; $2.5 billion in zero emission buses, $2.5 billion in low emission buses, and $2.5 billion for ferries.
  • $1 billion for planning, design, demolition, and reconstruction of street grids, and parks.
  • The bill will include language regarding enforcement of unemployment insurance fraud, and is fully paid for.

Pay-fors: According to the White House, the bill will be offset through redirecting unspent emergency relief funds, targeted corporate user fees, and strengthening tax enforcement when it comes to cryptocurrencies, in addition to other bipartisan measures.

What they're saying: “We now have an agreement on the major issues," Sen. Rob Portman (R-Ohio), the lead GOP negotiator, announced Wednesday afternoon.

  • "We are still finalizing the details, but we have reached agreement on the major issues," Collins said. "I am delighted that we've been able to come together as a bipartisan group."
  • "There is a CBO official score that covers much of the bill," Portman said, something many GOP senators deem necessary before voting on the measure.

Behind the scenes: The deal comes hours after Portman and White House counselor Steve Ricchetti huddled for hours at the Capitol Tuesday night hashing out the remaining sticking points of the bill.

  • The biggest problems revolved around transit policy and how to pay for the package, among other hurdles.
  • On Wednesday morning, Sens. Portman, Collins, Cassidy, Mitt Romney (R-Utah), Lisa Murkowski (R-Alaska) met with Senate Minority Leader Mitch McConnell (R-Ky.) in his office.
  • McConnell so far has taken a hands-off approach to the talks. This meeting signals the group is ready to bring him into the fold.

What's next: Schumer has made clear that both the bipartisan bill and the Senate's $3.5 trillion budget resolution need to pass prior to August recess, which as of now is still scheduled to begin in less than two weeks.

Go deeper

Oct 19, 2021 - Politics & Policy

Democrats brace for staredown over paid family medical leave

House Ways and Means Committee Chairman Richard Neal. Photo: Win McNamee/Getty Images

Senior House Democrats are braced for battle with the Senate over whether paid family medical leave — a key priority for progressives — will be included in President Biden’s final budget reconciliation bill, lawmakers and aides tell Axios.

Why it matters: Sen. Joe Manchin (D-W.Va.) has indicated he wants to cut the program to reduce the bill's price tag. “Paid family and medical leave must be in the final package,” Rep. Richard Neal (D-Mass.), chairman of the House Ways and Means Committee, told Axios on Monday.

Oct 20, 2021 - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

Ben Geman, author of Generate
Oct 19, 2021 - Politics & Policy

Biden's carbon emissions-cutting pledge faces tough climb

Image from the Rhodium Group study "Pathways to Paris." Courtesy of the Rhodium Group.

The verdict is in: President Biden's U.S. emissions-cutting pledge isn't a fantasy, but the path to meeting it is very difficult and relies on forces outside of White House control.

Driving the news: The Rhodium Group just released an analysis of policy combinations that could close the gap between the current U.S. trajectory and Biden's vow under the Paris Agreement to cut emissions in half by 2030.