On the Radar: Fast and Furious hearing, EU summit, ex-coach's accuser
U.S. Attorney General Eric Holder is set to testify about Operation Fast and Furious before a House panel Thursday.
December 8th, 2011
08:22 AM ET

On the Radar: Fast and Furious hearing, EU summit, ex-coach's accuser

Three things to follow Thursday:

Fast and Furious hearing: U.S. Attorney General Eric Holder faces what is expected to be a stormy congressional hearing on a flawed gun sting operation known as Fast and Furious.

Holder on Thursday is due to testify in front of a House panel investigating possible wrongdoing in the operation, which was run by the Bureau of Alcohol, Tobacco, Firearms and Explosives. The progam, which began in 2009, allowed illegally purchased firearms to be taken from gun stores in Arizona across the U.S.-Mexico border to drug cartels. The intent was to monitor the flow of weapons to their ultimate destination.

However, hundreds of weapons were lost or unaccounted for, and a storm of outrage erupted when two of the missing weapons were found at the site where Border Patrol agent Brian Terry was killed last December.

About 1,400 internal documents about the operation were delivered to three congressional committees last week. One Republican senator on Wednesday called on Assistant Attorney General Lanny Breuer to resign, alleging that Breuer had been dishonest with Congress about his knowledge of Operation Fast and Furious.

European Union summit: Investors in the United States and elsewhere will be looking for a number of news items from Europe on Thursday, including a European Union summit in Brussels, Belgium, focused on resolving the region's debt problems and saving the euro.

Leaders are expected to discuss a new fiscal pact, cooked up by French President Nicolas Sarkozy and German Chancellor Angela Merkel, that is designed to help prevent another debt crisis. The pact will involve amending or rewriting the treaties that govern the European Union, Sarkozy and Merkel said this week. The agreement includes automatic sanctions for member states that fail to keep budget deficits under 3% of gross domestic product. It would change existing laws to make it easier for EU regulators to challenge budget policies of member nations, and it would require governments to enshrine a "golden rule" in national constitutions, which would likely require committing to balanced budgets, according to CNNMoney.

Investors also will await the European Central Bank's and Bank of England's decisions on interest rates Thursday. The ECB is widely expected to cut interest rates by up to 0.5%, as the risk of a broad recession in Europe continues to rise, CNNMoney reports.

Fine accuser set to file lawsuit: Attorneys for a man who accuses a former Syracuse University basketball coach of molesting him when he was a minor have scheduled a Thursday news conference to announce their intention to file a civil suit against the ex-coach.

Zachary Tomaselli was the third man to allege publicly that Bernie Fine molested him when he was 13.

Authorities said they are investigating the allegations. On Wednesday, a district attorney in New York said that despite credible allegations from two other men, he couldn't bring charges against Fine because the statute of limitations had expired. Fine, who was an assistant basketball coach at Syracuse University for 35 years, was fired last month over the allegations that he sexually abused boys, which he has denied. Fine has not been charged.

soundoff (12 Responses)
  1. traveler

    Those fast and furious kids need to slow down. There is no reason for them to be driving so fast in their souped up cars.

    December 8, 2011 at 8:48 am | Report abuse |
  2. Mike

    Seriously, on the radar? CMM hasn't put this on the Front Page but 1 (one) time! Nice editing...well facts is its all about protecting tHis Eminance and the ObamaNation.

    December 8, 2011 at 9:42 am | Report abuse |
  3. Mike

    Seriously, on the radar? CMM hasn't put this on the Front Page but 1 (one) time! Nice editing...well facts is its all about protecting tHis Eminance and the Obama-Nation.

    December 8, 2011 at 9:43 am | Report abuse |
    • Anne

      It's disgraceful the way the media covers for this administration. Had this been George Bush they would be covering every minute of this story. Shame on CNN for your unfair bias. The double standard is alive & well at CNN. Couldn't agree with you more Mike.

      December 8, 2011 at 12:46 pm | Report abuse |
  4. Sovereign Copyright

    *Sigh*

    December 8, 2011 at 11:08 am | Report abuse |
  5. F1

    Isnt this familiar? Us allowing our guns into mexico. No wonder the people of mexico have a love hate for us .why cant we just shut it (border) down , the atf is partly responsible for the death of those agents.

    December 8, 2011 at 11:56 am | Report abuse |
    • Third Person

      Sounds like America needs an excuse to keep fighting a drug war, so they give the baddies some guns. Our government is responsible for anyone who dies at the hands of those guns, complete with a trip to he!!.

      December 8, 2011 at 2:17 pm | Report abuse |
  6. Ancient Texan

    Amazed that CNN is actually allowing this story to surface. It's been a hush-hush subject with all the MSM and the Lib Posters avoid it like it doesn't exist.

    December 8, 2011 at 1:02 pm | Report abuse |
  7. M'Linda Kula

    The agents and those who helped them take down the cartel and lost their lives in the process have loved ones who want to know- WHAT WENT WRONG? Find out WHO is the JUDAS in the team and DEAL WITH him / her. FIX any leaks before you start pointing any fingers. Remember, as you have one finger pointing at the person or party you are accusing of wrong doing, YOU have 4 more fingers pointing at yourself! Everyone MUST help in the drug problem .

    December 8, 2011 at 2:29 pm | Report abuse |
  8. in Soviet Russia

    you give guns to criminals!

    December 8, 2011 at 5:44 pm | Report abuse |
  9. joseph

    the republicans are pathetic. They aren't intelligent to ask holder the one basic question: Who is responsible for signing off on fast and furious. They don't want to know so that they can imply it is holder or the president. It was probably some low level G-15. The repubs have lost my respect. They are really stupid and are better off running a circus. My opinion.

    December 8, 2011 at 10:35 pm | Report abuse |
  10. F1

    Actually the politicians are good in one way, the expose themselves real easily these days ,so everybody wants transpearancy? Well now we have it at least now we know how stupid both partys are they make mistakes it rolls down hill to us

    December 9, 2011 at 1:48 am | Report abuse |