ROUGH CUT - NO REPORTER NARRATION<br/> (RESENDING TO CORRECT TYPO OF "BEHIND" IN INTRO)<br/> STORY: A day after Obama held late night meeting with euro zone leaders, he said he is confident Europe has the capacity to meet its debt challenge.<br/> Italy, under fierce pressure from financial markets and European peers, agreed to have the IMF monitor its progress with long delayed reforms of<br/> pensions, labor markets and privatization.<br/> The president also addressed slower than expected jobs growth in the U.S. and how it could impact his re-election chances.<br/> U.S. Senate Republicans on Thursday (November 3) blocked a $60 billion White House proposal to repair crumbling bridges, highways and other transportation systems.
