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EU Leaders Battle Over Budget With Cameron Demanding Cuts

European Union leaders sparred into the night over the bloc’s next seven-year budget, with calls by U.K. Prime Minister David Cameron for spending cuts at the center of a welter of competing national demands.

Spurred by an anti-EU faction at home, Cameron insisted on cuts in a proposed seven-year subsidies package of 973 billion euros ($1.3 trillion). The blueprint was trimmed once, from 1.047 trillion euros in November, and is less than the 994 billion euros spent in the budget period expiring this year.