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Bipartisan Senate group releases $1 trillion infrastructure bill

A bipartisan group of senators released full legislative text for their $1 trillion "hard" infrastructure bill late Sunday night, setting it up for debate on the floor this week.

Why it matters: Senate Majority Leader Chuck Schumer kept senators in town for a rare legislative weekend in order to formally begin debate on the 2,702-page bill. Now the Senate can begin a potentially days-long amendment process before a final vote this week.

Read the bill.

This is a breaking news story. Check back for updates.

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Substack raising $65 million in venture capital amid newsletter boom

Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned. Existing investor Andreessen Horowitz is leading the round.

Why it matters: Substack, which provides a platform on which writers can publish paid email newsletters and keep most of the revenue, has seen its popularity soar.

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