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The Bailout Deal
House leaders Reid and Boehner respond to reporters' questions on the financial crisis. (AP)

Congressional leaders Harry Reid and John Boehner respond to reporters' questions about the financial crisis. (AP)

Days of decision for the U.S. Congress. The House today. The Senate soon. In the balance, the U.S. economy: accountability for its past, and the shape of its future.

On Capitol Hill, shouting and table thumping. “Financial crimes have been committed,” roared one Democrat. “Now Congress is being asked to bail out the culprits.”

We’re snuffing out the free-market system, warned a Republican.

And the economy teeters and waits. In the debris and details and debate, a new era is taking shape. This may be about the American Way of Capitalism.

This hour, On Point: What emerges from the great financial meltdown of 2008.

You can join the conversation. What do you want to emerge from this meltdown and response? What’s the change we need from Washington? From Wall Street?

Guests:

Sudeep Reddy, reporter for The Wall Street Journal and a lead writer for WSJ.com’s Real Time Economics blog. He’s been watching the negotiations over the bailout package closely.

Gretchen Morgenson, business columnist for The New York Times.

Jeffrey Frankel, professor of capital formation and growth at Harvard’s Kennedy School of Government. He directs the Program in International Finance and Macroeconomics at the National Bureau of Economic Research and was a member of the Council of Economic Advisers under President Bill Clinton. He’s the author of “American Economic Policy in the 1990s.”

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ONPOINT
TODAY
Dec 22, 2014
Russian President Vladimir Putin speaks during his annual news conference in Moscow, Russia, Thursday, Dec. 18, 2014. The Russian economy will rebound and the ruble will stabilize, Russian President Vladimir Putin said. (AP)

A weak ruble and a turbulent economy. We look at Putin’s Russia and what its economic free fall means.

Dec 22, 2014
A sample of some of the costumes on display at the fall 2014 "Dance & Fashion" exhibition at New York City's Museum at FIT. (AP)

Couture fashion exhibits are drawing record crowds at museums. We’ll look at the beauty and the art behind the glitz.

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Dec 19, 2014
Alan Gross, waves as he and his wife Judy leave following his statement at his lawyer's office in Washington, Wednesday, Dec. 17, 2014. Gross was released from Cuba after 5 years in a Cuban prison. (AP)

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On Point Blog
On Point Blog
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Friday, Dec 19, 2014

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Our Week In The Web: December 12, 2014
Friday, Dec 12, 2014

On listener engagement, the meeting of trans-Atlantic royalty and the elusive origins of the chicken. (We promise this feed hasn’t been taken over the BBC…yet)

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