The Week In The News: Markets Tumble, A Debt Deal, FAA Deadlock

Jacki Lyden in for Tom Ashbrook

A debt deal keeps the country from default. Air traffic controllers in the lurch. Mubarak in court. Our weekly news roundtable goes behind the headlines.

With the debt ceiling fate sealed, the stock market plunging to its worst report in two years and threats of a double dip recession on everyone’s lips, America is a worried nation.

Congress is on vacation with a rock bottom report card. Thee Tea Party is ascendant in its Republican party influence, but also in its disapproval ratings from the American Public -– at least the FAA is working. For now.

We carry onward with our News Roundtable.

This hour On Point: the week that was.
-Jacki Lyden
Guests:

William McKenzie, Pulitzer Prize-winning editorial columnist for the Dallas Morning News.

Eleanor Clift, columnist for Newsweek and The Daily Beast.

Jack Beatty, On Point news analyst.

From The Reading List:

• The Washington Post: "Health-care and defense lobbyists are quickly gearing up for a major lobbying and public relations campaign in response to this week’s debt-limit deal, which could force hundreds of billions of dollars in cuts for two of Washington’s most powerful industries."

• The New York Times: "The Obama administration issued new standards on Monday that require health insurance plans to cover all government-approved contraceptives for women, without co-payments or other charges."

• The Wall Street Journal: "Mobs of ordinary Egyptians joined with soldiers to drive pro-democracy protesters from their encampment in Tahrir Square here Monday, showing how far the uprising's early heroes have fallen in the eyes of the public."