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Yellen also set out a path of faster pace of rate increases next year than previously expected.
In 1963 it signed the Ankara Agreement, which set out a path for its joining what was then the European Communities.
He set out a path to balance through £12bn in departmental cuts, £6bn in higher taxes, £6bn from the proceeds from clamping down on corporate tax evasion and £3.5bn in welfare cuts.
He renewed his promise of a surplus on the public finances by the end of the decade as he set out a path for deficit-cutting that appeared to backload cuts to the end of the parliament.
Earlier in the day, Spain's constitutional court suspended the Catalan law that set out a path to independence, warning lawmakers in the region that they could face criminal charges if they defy the ruling.
Yet the jump in carbon dioxide emissions comes less than 18 months after the climate change summit at Copenhagen, which was billed as the most important international meeting since the second world war but produced only a partial agreement and failed to set out a path to a binding treaty.
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"We've set out a clear path for the correction of the public finances," he said.
The long-term plan "will set out a clear path to recovery" and initiate "a reset on performance over the next five years", the agency said.
Tonight I will set out a better path: an agenda for a nation that competes with confidence, an agenda that will raise standards of living and generate new jobs.
For beyond the familiar faces, new and often female leaders are emerging with the creative energy to set out a European path that backs free movement, governs migration, welcomes good regulation and secures our liberties and freedom.
Barack Obama and David Cameron have clashed with the German chancellor Angela Merkel at the G8 summit in Camp David, demanding she set out a clear path for Europe to emerge from its current crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com