The French government has initiated a freeze on certain public expenditures to offset an estimated €6 billion in costs linked to the conflict involving Iran. This fiscal pressure is attributed to increased defense spending, surging borrowing costs, and support measures for households and businesses. Officials state the freeze is required to meet national budget deficit targets.
Separately, Kevin Warsh, President Trump’s nominee for chairman of the Federal Reserve, faced a confirmation hearing in the U.S. Senate.
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Source · France24 Business Tech
