Week in the News

Two floods and a lot of news this week. The flood above all in the Midwest, as levee-topping waters now surge down the Mississippi with exhausted sandbaggers and destruction in their wake.

And the flood nationally at the gas pump, as gasoline prices climb higher and higher, swamping family budgets.

Then the news. Obama drops out of public campaign financing. Congress flashes a green light for domestic spying. Israel practices a mass attack on Iran. The FBI goes on a subprime warpath. Watch out.

This hour, On Point: our week news roundtable goes behind he headlines.Guests:

Matthew Continetti, associate editor at The Weekly Standard and author of "The K Street Gang: The Rise and Fall of the Republican Machine."

David Yepsen, political columnist for the Des Moines Register.

Jack Beatty, On Point news analyst.