Not disagreeing with the American media’s love for click-baity nonsense, but I’ve been under the impression my whole life that this was a Britishism we imported. Not that British media is known for shying away from shock-value, but for what it’s worth, the BBC and The Guardian both refer to this as a government collapse, and have done so in the past when the French and Dutch governments collapsed.
Also a bit less confident this is a British import now than I was since I can’t track down a useful etymology. Would appreciate if anybody could post one here if they have it.