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newsMar 19, 20261:17

OSCE Approves New Budget After 5-Year Deadlock

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After five years of impasse, the OSCE adopts a new budget with significant cuts, reducing staff by over a hundred. Despite the reduction, the organization maintains operations and pushes for reforms, demonstrating that dialogue can prevail even in tense circumstances.

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OSCE Approves New Budget After 5-Year Deadlock

Global News Today | 2 Min News | The Daily News Now!

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Full transcript

Global News Today | 2 Min News | The Daily News Now!OSCE Approves New Budget After 5-Year Deadlock. Machine-transcribed; use the interactive transcript above to jump the player to any line.

What's up? This is Global News Today, bringing you the fastest global updates right now. The organization for security and cooperation in Europe, a group of 57 nations from East and West finally approved a new budget after five. Years of deadlock. The United States pushed hard for deep cuts to refocus the group on its main tasks. For years, the Vienna-based organization has struggled with disagreements, especially from Russia, which claimed it was too influenced by the West. Last year, the U.S. even threatened to leave unless the budget dropped by more than 10%. The cuts mean the loss of more than 100 jobs out of about 2,000 staff members. Still, the OSCE says the budget keeps operations running while pushing for reforms and steady funding. Diplomats note the reduction totals 15 million euros, or about $17 million, roughly 10% of the previous budget, which had been frozen in place. Switzerland, holding the rotating chair, called it proof that dialogue works even amid

high tensions, helping the group make key decisions together. Support for this episode comes from our sponsor. See the description. It is a pillow that plays your podcast and music without earbuds, built for listening in bed, S-O-L-I-S-O-L-Pillow.com.

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