Week in News

Movement on financial regulation. Oil disaster in the Gulf of Mexico. Uproar over Arizona’s immigration law. Our news roundtable goes behind the headlines.

Catastrophe is unfolding along the Gulf Coast now, as the toppled offshore oil rig story there went this week from bad to much, much worse.

Oil still is gushing from the sea floor well. Slicks are reported hitting beach and marsh. The Navy has been called in. The disaster may be worse than Exxon Valdez.

On Capitol Hill, Goldman Sachs gets grilled. Word on criminal charges is brewing against the bankers. And Republicans blink, for now, on financial reform.

Meanwhile, a Greek debt crisis mounts. And Florida Gov. Charlie Crist bolts the GOP.

This Hour, On Point: our weekly news roundtable goes behind the headlines.Guests:

Tony Blankley, columnist for the Washington Times. His latest book is "American Grit: What It Will Take to Survive and Win in the 21st Century."

Nancy Cordes, Congressional correspondent for CBS News.

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