The agreement also resolves an impasse on financing airport improvements that has held up airport aid from Washington since October.
BRUSSELS — With a $2 billion loss by JPMorgan Chase in London serving as a reminder that risky trading has not gone away, European Union finance ministers broke an impasse Tuesday and agreed on a plan to force banks to hold more capital as a buffer against the unexpected.
WASHINGTON — The Senate reached a bipartisan spending agreement on Monday to avert a government shutdown, sidestepping a bitter impasse over disaster financing after federal authorities said they could most likely squeak through the rest of this week with the $114 million they had on hand.
AMERICA is at an impasse over its finances because, in a nutshell, Democrats will not agree to less generous social entitlements unless Republicans agree to tax increases; and Republicans will not agree to tax increases.
The federal government, in the Consolidated Appropriations Act of 2008, established a legislative starting point to deal with this impasse, requiring researchers financed by the National Institutes of Health — $25.7 billion in grants annually — to post their final peer-reviewed papers on its free-access Web archive PubMed Central no later than a year after publication.
The impasse threatens to derail financing that the Administration says the I.M.F.
The Greek impasse comes as European finance ministers prepared to meet in Brussels on Monday, with Greece expected to be high on the agenda.
It is not just government financing that is jeopardised by the political impasse; it is a DPJ child-benefit scheme that some families may be counting on; a long-overdue cut in corporate tax; as well as tax breaks for fishermen and farmers and tariff cuts on imported food and cigarettes.
He said Democrats should accept a Republican proposal to fully finance military and intelligence operations while the impasse continued.
The lack of consensus brings talks on the financing of the union in 2011 to an impasse — one that could put into question the financing of the diplomatic service that the bloc is setting up, as well as other spending projects.
