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DEAL OR NO DEAL EU Leaders ‘On the Brink’ Cameron arriving at EU headquarters on Thursday. (AFP/Getty)

EU Leaders ‘On the Brink’

Following all-night budget talks in Brussels, the leaders of the European Union are reportedly close to agreeing on a seven-year budget plan that would fix total spending at €960 bilion. Speaking to the press after 15 hours of intense negotiations, an EU official confirmed that the rumors are true. “We feel pretty confident that we have the framework for a deal,” he said. “The deal is not completely finalized, but we feel sure it will be done today.” German Chancellor Angela Merkel and British Prime Minister David Cameron are among the top backers of the deal.

February 8, 2013 7:30 AM