Reps. Jim Jordan and Elijah Cummings. Photo: Mark Wilson/Getty Images

Today in strange bedfellows: The ultra-conservative House Freedom Caucus and the Congressional Black Caucus share enthusiasm for the same bill — an infrastructure package with bipartisan and pan-ideological enthusiasm.

What's more, House Minority Leader Kevin McCarthy (R-Calif.) is onboard. The Intercept's Ryan Grim summed up these unusual political dynamics in a tweet: "Here's Breitbart writing about Kevin McCarthy endorsing the use of a CBC-backed bill to make an infrastructure deal happen. Worlds are colliding."

Details: As we reported last year, the bill — called the Generating American Infrastructure and Income Now (GAIIN) Act — would require the Department of Agriculture to sell its distressed debt assets, estimated to be worth more than $50 billion.

  • The money gained by selling off these assets would be divided in two: Half would go to paying down the national debt, and half would go to funding infrastructure projects in communities below the poverty level.

In a Saturday phone interview, Wendell Stemley, the president of the National Association of Minority Contractors, told me he's backing the GAIIN Act. "Like everybody, we want to see a fully funded infrastructure bill," he said. "But one that accomplishes some of those objectives without raising the national debt and additional taxes has got to be something we get behind."

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Wall Street fears stimulus is doomed

Illustration: Sarah Grillo/Axios

The fight over a new Supreme Court justice will take Washington's partisan bickering to a new level and undermine any chance for needed coronavirus relief measures before November's election, Wall Street analysts say.

What we're hearing: "With the passing of Justice Ginsburg, the level of rhetorical heat has increased, if that seemed even possible," Greg Staples, head of fixed income for the Americas at DWS Group, tells Axios in an email.

Updated 1 hour ago - Politics & Policy

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  1. Global: Total confirmed cases as of 7 a.m. ET: 31,346,086 — Total deaths: 965,294— Total recoveries: 21,518,790Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,858,130 — Total deaths: 199,890 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.
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Why Puerto Rico is still struggling to get online

Illustration: Sarah Grillo/Axios

Internet connectivity remains a weak link for the disaster-wracked U.S. territory Puerto Rico, and some experts fear a new tranche of Federal Communications Commission subsidies set aside just for the island might not help the people most in need of a broadband connection.

Why it matters: Puerto Rico is locked out of most federal funding available to U.S. states to help expand internet service. The island risks being left behind as carriers expand and upgrade high-speed internet networks elsewhere, even as infrastructure-damaging tropical storms come faster and harder and the pandemic makes broadband even more of a must-have.

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