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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
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Nurse Kaci Hickox, right, and her boyfriend, Ted Wilbur are followed by a Maine State Trooper as they ride bikes on a trail near her home in Fort Kent, Maine, Thursday, Oct. 30, 2014.  (AP)

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Doc Sportello (Joaquin Phoenix) and Sauncho Smilax (Beninico del Toro) share a drink in a scene from the upcoming Paul Thomas Anderson film, "Inherent Vice," an adaptation of the Thomas Pynchon novel of the same name. (Courtesy Warner Bros. Entertainment)

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Nurse Kaci Hickox, right, and her boyfriend, Ted Wilbur are followed by a Maine State Trooper as they ride bikes on a trail near her home in Fort Kent, Maine, Thursday, Oct. 30, 2014.  (AP)

Quarantines and Ebola. An exploding rocket. Apple’s CEO comes out. Hawaiian lava flows. Midterms in the home stretch. Our weekly news roundtable goes behind the headlines.

On Point Blog
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