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Cranberry Journal

Sunday, October 18, 2026

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At the close · Oct 18

Budget

Tagged stories

The colonnaded north front of the Palais Bourbon, seat of the French National Assembly, in Paris, with a French flag on the roof and flags along the railings, under a pale sky.
World

France's Assembly Votes on Its Revenue Budget on Tuesday. The Finance Committee Rejected It 31 to 3, and Paris Pays About 137 Basis Points Over Berlin.

The French National Assembly holds its first major vote on the 2027 budget's revenue package on Tuesday 20 October. Its finance committee voted 31 to 3 against the package. The 10-year French yield closed near 4.79 per cent on Friday, about 137 basis points over Germany. The government wants a €54 billion adjustment.

By Thomas Gutierrez  

Rows of empty office cubicles with vacant chairs under fluorescent light
The Long View

The Government Paid $6.7bn Last Year for Work Nobody Did

The Government Accountability Office estimates the deferred resignation programme cost $6.7bn in 2025, about 70 percent of the $9.5bn the federal government spent on paid administrative leave that year. Roughly 144,000 employees drew salaries while on leave before separating. GAO also says nobody can verify the savings, because the payroll data is not tracked that way.

By Cory Chamberlain