The president's office said that a majority of lawmakers were against holding a snap parliamentary election amid France's worst crisis in decades.

While France has a long history of hefty overspending, economists say political turmoil – which has stalled policymaking – is bringing the country’s debt problem to a head.

France's new prime minister, Sébastien Lecornu, announces he will not use special constitutional powers to force his budget through parliament

The resignation of another French prime minister deepens the country's political crisis and draws a call from far-right leader Marine Le Pen for national elections.

President Emmanuel Macron’s inability to find a government that can pass a new budget is hobbling his efforts to influence Europe’s agenda.

America is not the only Western democracy mired in a political crisis brought on by the brinksmanship of feckless politicos. Americans can find company in their misery among the French, who have seen four prime ministers come and go in the past 18 months.

Sebastien Lecornu's remarks came as he was set to wrap up talks with various parties and report back to President Emmanuel Macron on whether he has found a way to end France's worst political crisis in decades.

Lecornu, who resigned on Monday after serving less than a month as prime minister, said he would present a plan to Macron later on Wednesday.