EU top official: Budget cuts are 'difficult pill to swallow'
European Commission President Ursula von der Leyen, left, and European Council President Charles Michel bump elbows as they arrive at the main chamber of the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak (Francois Walschaerts, Pool Photo via AP)

European Commission President Ursula von der Leyen, left, and European Council President Charles Michel bump elbows as they arrive at the main chamber of the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak (Francois Walschaerts, Pool Photo via AP)

Jul. 23, 2020 04:58 AM EDT
European Commission President Ursula von der Leyen addresses European lawmakers at the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak. (Francois Walschaerts, Pool Photo via AP)

European Commission President Ursula von der Leyen addresses European lawmakers at the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak. (Francois Walschaerts, Pool Photo via AP)

Jul. 23, 2020 05:04 AM EDT
European Commission President Ursula von der Leyen addresses European lawmakers at the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak. (Francois Walschaerts, Pool Photo via AP)

European Commission President Ursula von der Leyen addresses European lawmakers at the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak. (Francois Walschaerts, Pool Photo via AP)

Jul. 23, 2020 05:02 AM EDT