Report that a deal is close
From Bloomberg’s Erik Wasson:
I expect that a deal is largely priced in at this point but, if anything, I suspect this will be a positive catalyst rather than a ‘sell the fact’ kind of move. The much larger factor will be the bill Democrats are working on via reconciliation. That’s a major unknown.
Source: https://www.forexlive.com/news/!/us-infrastructure-deal-could-come-today-20210728