French lawmakers failed to agree on the 2026 state budget, leaving France without an approved budget before year-end. The joint committee's discussions broke down quickly, leading Prime Minister Sébastien Lecornu to express regret. The government may seek a special law to extend the 2025 budget temporarily. Central bank governor François Villeroy de Galhau warned this would only be a short-term fix, risking a higher deficit. The political crisis continues as France's debt rises and fiscal stability is questioned.