#fiscal-crisis

#fiscal-crisis

Francois Bayrou, 74, took office as prime minister only nine months ago. He must now tender his resignation, leaving Macron to face a narrowing set of options, with financial markets signalling worry at France's political and fiscal crisis. Bayrou had called the vote unexpectedly to try to win parliamentary support for his strategy to lower a deficit that stands at nearly double the European Union's 3pc ceiling and to start tackling a debt pile equivalent to 114pc of GDP.

TriMet is experiencing a significant fiscal crisis, forcing the public transit agency to cut service by 10 percent over the next two years, starting this fall.

Richard E. Farley’s book, Drop Dead, examines the fiscal crisis of New York City in 1975, drawing parallels to current economic pressures and instability.

Berlin-Stephens expresses frustration over receiving a bill without prior notification, stating, 'I wasn't trying to hide or sneak or do anything wrong.'