Fast Track May Clear Senate This Week

Republicans predict fast track passage. W. Post: "'We’ll pass it later this week,' McConnell said on ABC's 'This Week with George Stephanopoulos.' 'The president has done an excellent job on this' ... Rep. Paul Ryan (Wis.), the chairman of the House Ways and Means Committee, said Sunday that he was confident about the bill's chances in his chamber ... 'We will have the votes,' Ryan said on CNN's 'State of the Union.'"

But House GOPers say unions outgunning corporate lobbyists. Politico: "Unlike unions, they say, Big Business advocates aren’t flooding Capitol phone lines. They’re not winning over skeptical Republicans. And they haven’t made much headway with business-friendly Democrats who are considering voting for the package, either."

GOP Sen. Rob Portman breaks ranks on currency manipulation. Politico: "The conservative editorial pages of The Wall Street Journal have repeatedly lashed Portman’s 'killer amendment,' saying he’s 'abandoning his policy chops in favor of re-election politics.' ... Portman’s campaign is emblematic of the careful and delicate balancing act a Rust Belt Republican must perform in a region of the country where manufacturing jobs have been wiped out."

"The costs of globalization have been greater and more enduring than [trade deal advocates] expected" reports NYT: "There is also mounting evidence that the benefits of globalization have accrued disproportionately to upper-income households, while the costs have fallen heavily on the less affluent, contributing to the rise of economic inequality."

Senate May Extend Highway Fund

Senate tries to pass short-term Highway Trust Fund extension this week before recess. The Hill: "The extension lasting through the end of July would give Congress extra time to find a way toward a long-term infrastructure bill ... Senate Majority Leader Mitch McConnell (R-Ky.) placed it on the Senate calendar before adjourning last Thursday, which would allow a vote this week before the full Senate. The House is slated to take up a two-month extension bill on Tuesday."

House Dems consider voting "no." Roll Call: "Voting against a bill that would keep countless transportation and infrastructure projects — and jobs — afloat past May 31 is hard to defend at first blush. Still, a growing number of Democrats and even some GOP moderates are arguing what’s more destructive is the succession of short-term patches preventing longterm certainty and sustainability.

Sen. Cory Booker sounds alarm on infrastructure. The Hill: "'The United States of America is falling behind dramatically its global peers in terms of the quality of its infrastructure,' Booker said on NBC's 'Meet the Press.' 'China invests about 9 percent of their G.D.P. in infrastructure, Japan 6 percent, Europe 5 percent. America's only doing 1.5 percent,' said Booker, noting that the U.S. has 'trillions of dollars of an infrastructure debt.'"

Hillary Turns Toward Small Biz

Hillary Clinton to tout deregulatory measures targeting small businesses. Bloomberg: "The trip to Iowa, as well as a return visit to New Hampshire on Friday, are chances for Clinton to appeal to Main Street and the centrist voters she'll need in the general election, after tacking left earlier this month ... Clinton, her campaign said, plans to outline ideas for cutting red tape for small businesses, expanding access to capital, finding tax relief for business owners and stimulating exports."

Yet "Clinton is banking on the Obama coalition to win" says W. Post: "[The] strategic conclusion by Clinton’s emerging campaign [is] that it can harness the same kind of young and diverse coalition as Barack Obama did in 2008 and 2012, bolstered by even stronger appeal among women. Her approach ... is a bet that social and demographic shifts mean that no left-leaning position Clinton takes now would be likely to hurt her in making her case to moderate and independent voters in the general election next year."

Sen. Bernie Sanders backs free college. Bloomberg: "Democratic presidential hopeful Bernie Sanders will introduce legislation on Tuesday to make public college tuition-free in the United States ... The move could put added pressure on Democratic front-runner Hillary Clinton, who has yet to release her plan for higher education."