Judy Woodruff:
House Democrats also passed last night major legislation to overhaul policing nationwide. It's named for George Floyd, who died at the hands of Minneapolis police, and it bans choke holds and creates national standards for police behavior.
We will focus on the policing and the election bills later in the program.
In Myanmar, crowds were back protesting the military coup, a day after security forces killed at least 38 people. Police in Yangon fired tear gas to disperse demonstrators. In Mandalay, people built barricades to protect themselves and impede police from making arrests.
OPEC and allied countries are leaving most of their current oil production cuts in place, for now. Their decision today reflected fears that the pandemic could again stall growth and undercut demand for oil. The announcement triggered a jump in oil prices.
Back in this country, the Congressional Budget Office is forecasting that the federal debt will double in the next 30 years. It says that interest rates will rise as the economy recovers, and so will spending on Social Security and Medicare. The forecast does not include the COVID relief package now under consideration.
The U.S. Labor Department reports that there were 745,000 new claims for unemployment benefits last week. That's a slight increase.
And on Wall Street, stocks sank today, after Federal Reserve Chair Jerome Powell said that inflation will increase temporarily in the coming months. The Dow Jones industrial average lost 346 points to close at 30924. The Nasdaq fell 274 points, and the S&P 500 shed 51.