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The Week In The News: Markets Tumble, A Debt Deal, FAA Deadlock

Jacki Lyden in for Tom Ashbrook


A debt deal keeps the country from default. Air traffic controllers in the lurch. Mubarak in court. Our weekly news roundtable goes behind the headlines.

Traders work on the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011 in New York. Stocks sank again early Thursday as investors continued to fret about the struggling economies in Europe and slow growth in the U.S. (AP)

Traders work on the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011 in New York. Stocks sank again early Thursday as investors continued to fret about the struggling economies in Europe and slow growth in the U.S. (AP)

With the debt ceiling fate sealed, the stock market plunging to its worst report in two years and threats of a double dip recession on everyone’s lips, America is a worried nation.

Congress is on vacation with a rock bottom report card. Thee Tea Party is ascendant in its Republican party influence, but also in its disapproval ratings from the American Public -– at least the FAA is working. For now.

We carry onward with our News Roundtable.

This hour On Point: the week that was.

-Jacki Lyden

Guests:

William McKenzie, Pulitzer Prize-winning editorial columnist for the Dallas Morning News.

Eleanor Clift, columnist for Newsweek and The Daily Beast.

Jack Beatty, On Point news analyst.

From The Reading List:

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ONPOINT
TODAY
Jul 1, 2015
In this June 26, 2015, photo, President Barack Obama speaks in the Rose Garden of the White House in Washington. The Obama administration will propose requiring overtime pay for workers who earn nearly $1,000 per week, three individuals familiar with the plan said Monday, June 29. (AP)

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Greece closes its banks as debt negotiations reach a crisis point. We hear the latest on the debt crisis and its threat to the Eurozone.

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