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Week in the News
A sign for a Bank of America branch is shown in downtown Philadelphia, Thursday, May 7, 2009. Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday. (AP)

A sign for a Bank of America branch is shown in downtown Philadelphia, Thursday, May 7, 2009. (AP)

Stress tests, infidelity, job loss and Manny Ramirez in the news this week.

The Obama administration put a positive spin on what they found in the big banks’ books. But losses could still hit $600 billion. Job losses last month: another half million-plus. But that’s a lot better than the month before.

Afghan and Pakistani presidents in Washington. Elizabeth Edwards on Oprah with John’s wayward ways. Santa Barbara burns. And another Major League Baseball slugger up on drug allegations and out for 50 games.

This hour, On Point: Our weekly news roundtable goes behind the headlines.

What’s your top story this week? Tell us what you think — here on this page, on Twitter, and on Facebook.

Guests:

Joining us from Washington is David Leonhardt, economics columnist for The New York Times and staff writer for The New York Times Magazine. His recent interview with President Obama was the magazine’s cover story last Sunday.

Also from Washington we’re joined by Perry Bacon, national political reporter for The Washington Post.

Jack Beatty, On Point news analyst and senior editor at The Atlantic.

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