France's new prime minister, François Bayrou, faces his first major test in parliament as his government lacks a majority amid political instability. Bayrou urgently needs to pass a budget bill for 2025 to reduce France's deficit and comply with EU rules. Financial markets and ratings agencies are pushing France to keep its borrowing costs from spiraling. Bayrou's Cabinet relies on a fragile deal between Macron's centrist allies and conservatives, with no parliamentary majority. The possibility of another no-confidence vote looms, and the Socialists are urging Bayrou to suspend Macron's unpopular pension reform.