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New containment cap at the site of the Deepwater Horizon oil spill. (BP)
New containment cap at the site of the Deepwater Horizon oil spill. (BP)

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

This program aired on July 16, 2010.

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