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!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo illustration: Aïda Amer/Axios. Photo Mark Makela/Getty Images

President Trump's now infamous "infrastructure week" may finally get a shovel in the ground ... during the Biden administration.

Why it matters: If Majority Leader Mitch McConnell keeps control of the Senate, a bill to finance all sorts of public construction projects may be one of the few big pieces of legislation President-elect Joe Biden can realistically achieve within a divided government, given its broad, bipartisan support.

What we're hearing: The president-elect's transition team has privately started laying the groundwork to strike a bipartisan infrastructure deal during the first year of his term.

  • The team has indicated to business leaders it sees an opening to use it as a driver for more economic and job relief as the U.S. emerges from the coronavirus pandemic.

Driving the news: Business and labor leaders — currently fretting over whether Congress can get its act together to pass a coronavirus relief package — are salivating at the potential of a secondary form of stimulus to fuel economic growth.

  • Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, tells me: "We've certainly had conversations with them. ... They're extremely interested in pursuing an infrastructure package, as is the Chamber and the business community."
  • He added, "Of all the issues that are out there, this one can form one of the widest possible coalitions to help get something through Congress."

Biden announced Wednesday he's tapping former Mayor Pete Buttigieg to run the Department of Transportation.

  • He is a rising star in the Democratic Party, and Biden's team searched for a substantive role for him in the administration.
  • Running point on a major infrastructure deal — also viewed as an opportunity to invest in climate change, 5G technology and underserved communities — checks that box nicely.

Yes, but: Officials in Washington still have PTSD from President Trump's regular — but unfulfilled — talk about an upcoming "infrastructure week." It was promised multiple times during the last four years but derailed for a recurring reason: Who foots the bill?

  • Many Republicans — resuming their posture as deficit hawks now that Trump is on his way out — are loath to agree to another trillion-dollar deal after passing a massive stimulus bill at the outset of the pandemic, as well as being on the cusp of a second one now.
  • Democrats have felt no such reticence, wanting to ensure any spending came in addition to funding for middle-class programs such as education and health care.

Be smart: Bradley argues, "We're never going to be able to tackle the underlying debt and deficit if we don't get growth going faster."

Go deeper

Jan 25, 2021 - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Jan 26, 2021 - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.

Top Democrats introduce bill to raise minimum wage to $15 by 2025

Sen. Bernie Sanders (I-Vt.), Speaker of the House Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles Schumer (D-N.Y.) Photo: Chip Somodevilla/Getty Images

A group of top Democrats on Tuesday introduced legislation to gradually increase the federal minimum wage to $15 per hour over five years.

Why it matters: The policy, which has widespread support among Democratic lawmakers, aligns with what President Joe Biden has called for in his emergency COVID-19 relief package. It would more than double the current minimum wage of $7.25.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!