KAYE: "Globe Trekking" today begins in Italy, the latest country to face the impact of the European economic crisis. The Italian parliament today passed a budget reform measure designed to boost confidence in Italy's ability to pay its debts. That was a win for Prime Minister Silvio Berlusconi, but it may just be a temporary victory. More than half of Italy's lawmakers abstain suggesting that Berlusconi may soon face a no confidence vote that would force him to step down. Now to Iran where they're denouncing a report released today by the International Atomic Energy Agency. The report says Iran has mastered nuclear weapons capabilities and has made more progress than previously believed. Iran insists its nuclear program is for peaceful purposes. And Iran's President Ahmadinejad says his country doesn't need a bomb to stand up to the west. Attorney General Eric Holder has this to say about the flawed gun program, "Fast and Furious."</s>ERIC HOLDER, U.S. ATTORNEY GENERAL: This should never have happened and it must never happen again.</s>KAYE: More on the gun walking investigation next.
Italy OKs Budget Reforms; Iran Blasts Nuke Report