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France Budget Bill Fails
French lawmakers rejected the 2027 budget bill at its first reading, with 458 voting against and none in favor; two abstained. The original text was sent to the Senate for debate beginning November 20. The rejection deepens the political and fiscal deadlock, after lawmakers scrapped austerity measures and an additional tax on large companies. The bill aims to reduce the deficit to 5% of GDP by 2027. Meanwhile, between 500,000 and 700,000 people are expected to take part in protests and strikes on Thursday, including up to 80,000 in Paris, with 70,000 security personnel deployed.
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