The politics of money
The week's news at a glance.
Brussels
E.U. finance ministers have rejected the budget drawn up by British Prime Minister Tony Blair, who currently holds the rotating E.U. presidency. Blair’s plan would drastically slash aid to the union’s newest, poorest members from the former communist East, while preserving a hefty rebate for the U.K. “It’s a wonderful document,” said Spain’s Pedro Solbes sarcastically, “for the United Kingdom.” The British said they would consider cutting the rebate, but only if France agreed to cut subsidies to its farmers. The budget is supposed to be approved by next week’s E.U. summit.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
June 11 editorial cartoons
Cartoons Wednesday's cartoons - CDC wipeout, Village People, and more
-
World Cup 2026: uncertainty reigns with one year to go
In the Spotlight US-hosted Fifa tournament has to navigate Trump's travel bans, logistical headaches and an exhausting expanded format
-
Five takeaways from Rachel Reeves' Spending Review
The Explainer The winners and losers as the government sets its budgets for the next four years
-
The JFK files: the truth at last?
In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
-
'Seriously, not literally': how should the world take Donald Trump?
Today's big question White House rhetoric and reality look likely to become increasingly blurred
-
Will Trump's 'madman' strategy pay off?
Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
-
Democrats vs. Republicans: who are the billionaires backing?
The Explainer Younger tech titans join 'boys' club throwing money and support' behind President Trump, while older plutocrats quietly rebuke new administration
-
US election: where things stand with one week to go
The Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
-
Is Trump okay?
Today's Big Question Former president's mental fitness and alleged cognitive decline firmly back in the spotlight after 'bizarre' town hall event
-
The life and times of Kamala Harris
The Explainer The vice-president is narrowly leading the race to become the next US president. How did she get to where she is now?
-
Will 'weirdly civil' VP debate move dial in US election?
Today's Big Question 'Diametrically opposed' candidates showed 'a lot of commonality' on some issues, but offered competing visions for America's future and democracy