PLEDGE NOW
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
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

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Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

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