Prime Minister Sebastien Lecornu offered his resignation on Monday after his new cabinet faced broad rejection.
The president has until Wednesday evening to establish a government capable of passing an austerity budget through parliament.
Lecornu was expected to provide a public update on negotiations Wednesday morning before meeting Socialist party representatives.
Other alternatives include appointing his eighth prime minister or even resigning from office.
Le Parisien newspaper described Philippe’s comments as a “political bomb”.
Philippe has already declared his candidacy for the 2027 election.
Macron has consistently maintained he will complete his second term despite growing pressure.
He recently recognised Palestinian statehood and continues efforts to end Russia’s invasion of Ukraine.
Former prime minister Elizabeth Borne expressed openness to suspending the contested 2023 pensions reform.
Borne originally passed the measure using controversial constitutional powers to bypass parliamentary voting.
A recent Odoxa poll of over 1,000 French citizens found 57% believe Macron bears full responsibility for Lecornu’s resignation attempt.
Seventy percent of respondents supported the president’s resignation in the same survey. – AFP
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