https://www.live-feeds.com/feed/inconclusive-sparring-at-eu-summit-puts-budget-timeline-into-questionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/inconclusive-sparring-at-eu-summit-puts-budget-timeline-into-questionhttps://www.live-feeds.com/feed/inconclusive-sparring-at-eu-summit-puts-budget-timeline-into-question#u137676Mon, 19 Oct 2026 23:26:28 +0000European Union leaders failed to reach a budget agreement at a Brussels summit, pushing the showdown to November. The Irish presidency proposed a 2028-2034 budget plan featuring an 8% cut, totaling a reduction of 159 billion euros, but the plan faced rejection from Sweden and Spain. While French President Emmanuel Macron warned that a deal is necessary before the end of the year, the current impasse makes a year-end resolution uncertain. Some leaders, including the president of Cyprus, have suggested shortening the budget cycle to three or four years.Why it mattersThe 2028-2034 budget dictates