French Premier Bayrou to Resign

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French Prime Minister Francois Bayrou lost a confidence motion in parliament, forcing a third change in government in just over a year and reviving uncertainty over how the country can tackle its mounting debt burden.

Parties across the political spectrum in France’s lower house joined forces Monday to overwhelmingly issue the rebuke to Bayrou, who called the motion in a failed attempt to rally support for his unpopular budget reforms. Just 194 lawmakers voted in support of the prime minister and 364 voted against. President Emmanuel Macron will accept Bayrou’s resignation on Tuesday and name a new premier in the coming days, according to a statement from the president’s office. The new government will still have to find a way to pass a budget, an exercise that has now toppled the last two prime ministers.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: • Bloomberg Europe Correspondent Oliver Crook. • George Washington University French Studies Professor Kathryn Kleppinger. • Bloomberg Radio DayBreak Europe Host Stephen Carroll. • Democratic Congressman Mark Takano of California. • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.