EU to Unveil Budget Plan
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The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.
European Commission President Ursula von der Leyen on Wednesday unveiled the EU's proposed new budget for 2028-2340, calling it a "budget for a new era".
The European Union has proposed a budget of close to €2 trillion ($2.3 trillion) for its next seven year budget, as it seeks to fend off a range of challenges from rising global economic competition to increased defense demands.
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One of the European Union’s most reliable punching bags is shaped like a bottle of whiskey. The EU this week circulated to member states a list of products it could hit with tariffs if a trade deal is
The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, placing a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies.
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