Rep. Hakeem Jeffries. Photo: Bill Clark/CQ Roll Call

Reps. Doug Collins (R-GA) and Hakeem Jeffries (D-NY) are hopeful that their bipartisan prison reform bill, which would send 4,000 prisoners home, provide hygiene products to all incarcerated women, and has won the support of the "law and order" President, will pass the House tomorrow afternoon.

Where it stands: Jeffries told reporters on Monday afternoon that support for the bill is "trending in our direction from all corners of the House Democratic Caucus" and that significant support for the bill from the Congressional Black Caucus has emerged in the past few days.

Yes, but: Some Democrats will vote no on the principal that the bill does not address federal sentencing guidelines, as well as a much smaller handful of hardline Republicans, according to Collins.

What to watch: The Senate. If the bill makes it there, there will be even greater pressure, led by Judiciary Chairman Chuck Grassley, to include sentencing reform. But adding sentencing reform to the bill would also risk the support of some crucial Republicans, including President Trump.

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The new buyout barons

Illustration: Eniola Odetunde/Axios

Last month I wrote that SPACs are the new IPOs. But I may have understated it, because SPACs are also becoming the new private equity.

By the numbers: Short for "special purpose acquisition company," SPACs have raised $24 billion so far in 2020, with a loaded pipeline of upcoming offerings. U.S. buyout firms raised nearly $102 billion through the end of June — a much larger amount, but not so much larger that the two can't play on the same field.

3 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

3 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.

Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.