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Infrastructure deal hopes revived, Basel weighs in on Bitcoin and G-7 descends on Cornwall.

A group of 10 senators are reviving hopes for a bipartisan deal on infrastructure, days after President Joe Biden’s direct talks with a group of Republican senators foundered. A proposal backed by Republicans including Mitt Romney and Democrats including Joe Manchin agreed to pitch a $1.2 trillion eight-year infrastructure spending package to the president, according to people familiar with the deliberations. The scaled-down proposal is limited to core physical infrastructure and omits the social programs such as elderly care Biden included in his “American Jobs Plan,” the people said.