France faces a political crisis after the fall of Bayrou’s government due to censorship in the budget law. Instability worries Europe, as Bayrou is the fifth prime minister in two years. Macron must find a new leader under intense pressure, while the fractured National Assembly complicates any coalition, and early elections are feared.
The Trump administration implemented unprecedented educational reforms, reducing oversight of local practices and enforcement of disability law in public schools, prompting judicial challenges from civil rights groups, unions, and educational entities.
Since January 2025, the Trump administration has attempted to change federal education policy in K-12 education with executive orders to dismantle the Department of Education, end government equity and inclusion programs, and impose disciplinary policies in schools, actions challenged in federal courts.
The proposal seeks to recalibrate the Enhanced Supplementary Leverage Ratio to increase intermediation in low-risk markets, such as the Treasury bond market, through central clearing, without increasing risks for banking firms, and to support the recalibration of the e-SLR surcharge for GSIBs.
In June 2019, the EU and the US agreed on a tariff truce and numerous cross-border trade reductions. The agreement received criticism for being asymmetric and not legally binding. Tensions continue due to future increases in tariffs. The EU is seeking to strengthen global competitiveness.
