France has a new government. Now it must fix the budget while avoiding collapse

French President Emmanuel Macron’s office announced a new government Monday, after the previous Cabinet collapsed in a historic vote prompted by fighting over the country’s budget. Newly named Prime Minister Francois Bayrou put together the government that includes members of the outgoing conservative-dominated team and some new figures from centrist or left-leaning backgrounds. Coming up with a 2025 budget will be the most urgent order of business. The new government enters office after months of political deadlock and pressure from financial markets to reduce France’s colossal debt.