It was 'wake up and smell the coffee' time this week for the US economy, and not in a happy way. Fannie Mae, Freddie Mac, IndyMac and more had the government scrambling to stave off disaster and Americans lining up at the bank door. Not a pretty picture.
Inflation's up. Oil's down - a bit, thank heavens. Obama's headed abroad with all three network anchors. McCain's talking to the NAACP.
We've got a call for more troops in Afghanistan, and a last All Star game at old Yankee Stadium.
This hour, On Point: our weekly roundtable goes behind the headlines.Guests:
David Ignatius, columnist and editor at The Washington Post.
Chrystia Freeland, US managing editor of the Financial Times.
Jack Beatty, On Point news analyst and senior editor at The Atlantic Monthly.
This program aired on July 18, 2008.