The European Commission wants to open up part of its proposed 2 trillion euro EU budget for 2028-2034 to nuclear energy, a move likely to divide the bloc's member states, which Germany immediately rejected.

European Commission President Ursula von der Leyen unveiled the EU’s biggest-ever budget, but a chaotic rollout and opposition from key players underlined weaknesses in her leadership.

While the vast majority of the budget will come from EU countries' own contributions, the Commission also proposed three new taxes targeting electric waste, large companies and tobacco products such as cigarettes and cigars. These goods are currently being taxed by individual countries, who keep the revenues for themselves.

European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.

The European Commission says it’s protecting farmers with a smaller but ring-fenced budget. Europe’s farmers say the cuts betray a post-World War II

Lobby for Airbus, Saab and Rheinmetall says major investment is needed to rearm Europe and the coming seven-year budget draft should reflect that.

National governments are wary of giving the bloc too much power to extract money from their voters and generally oppose handing a share of their domestic tax revenue to Brussels. Currently, the vast majority of EU funds come from governments' contributions.