After 86 days and untold damage, the cap is on the oil in the Gulf of Mexico. For now. A big, big moment of relief in a busy summer week of news.

Nearly two years after Wall Street’s meltdown, new financial regulations have cleared Congress. Goldman Sachs has reached a half billion dollar settlement with the SEC.

The president’s poll numbers - not good, as a million home foreclosures are projected for this year and deflation speaks up.

George Steinbrenner is dead. An Iranian nuclear scientist breaks with the CIA.

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

Jo Mannies political reporter for the St. Louis Beacon

Jeff Mapes, senior political reporter for The Oregonian

Jack Beatty, On Point news analyst