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النسخة العربية
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Tag
  • US debt

Al Majalla

When the international debt mountain threatens to collapse

With public and private liabilities worldwide estimated at a staggering $353tn and with many gearing up to borrow more, all agree that there is a problem, but few agree on how to solve it

Mohamed Sharki 14 September 2026
US Secretary of the Treasury Scott Bessent speaks during a press conference in Washington, DC on 24 August 2026. KENT NISHIMURA / AFP

The US bond crisis highlights a deeper fiscal rot

Scott Bessent is breaking the glass to check rising bond yields, but the fix is flawed

Keith Johnson 25 August 2026
Supporters of Donald Trump hold a sign about the border wall with Mexico before Trump speaks at a campaign rally in Florida on 11 October 2023. Trump has now allocated $46bn to build it. AFP

Still beautiful? Trump’s tax cuts and spending plans look ominous

The One Big Beautiful Bill Act, or OBBBA for short, will raise the fiscal deficit from 6.4% to more than 7% of GDP, pushing up long-term interest rates. Look to the bond markets for honest reactions.

Toufic Chanbour 16 July 2025
A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024. AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29 March 2025
  • Popular
  • Editor's Pick
A US Navy sailor directs a Eurocopter AS-332 Super Puma helicopter on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln, which is supporting US military operations in the war with Iran on 16 August 2026. US. Navy/REUTERS
Politics

US troops leave Iraq, but double down in the region

30, Sep 2026

Why 30 September should be understood less as a US exit from the Middle East than as the end of a particular model of American intervention

Caroline Rose
Eduardo Ramón
Documents & Memoirs

Exclusive interview with the man who caught Eli Cohen

30, Sep 2026

Ibrahim Hamidi spent years following the story of Mossad's 'spy in Damascus ', but some secrets remained untold. He then learned that the man who could answer them was still alive

Ibrahim Hamidi
Moroccan Foreign Minister Bourita & Israeli Foreign Minister Sa'ar agreed to advance their
relationship on security, trade, and regional integration on 16 September 2026. @USAmbUN/X
Politics

Morocco expands ties with Israel: why now?

28, Sep 2026

After months of behind‑the‑scenes talks, Rabat and Tel Aviv are deepening ties under a new phase of the existing Abraham Accords, with Western Sahara being dangled as an incentive

Mohamed Sharki
US President Donald Trump and Chinese President Xi Jinping view portraits of former US presidents at the White House, Washington, DC, on 24 September 2026. Reuters
Politics

US-China summit: did Xi get what he wanted?

29, Sep 2026

Why the Chinese president's visit to Washington could be considered a success, despite no big movement on trade, Taiwan, and technology

Charbel Barakat
Soldiers from the Ethiopian National Defence Force chant slogans after completing their training at an officers' training ground 70 kilometres northeast of the city of Gondar, Ethiopia, on 14 September 2021. AFP
Politics

Turmoil in Tigray: the view from Ethiopia's neighbours

30, Sep 2026

While many would like to see Addis Ababa distracted, they also worry about a refugee spillover should a civil war break out. It might be a case of 'be careful what you wish for'

Sergey Eledinov

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OPINIONS

After US withdrawal, Iran advances in Iraq

Al Majalla - London
Al Majalla - London

Does a US military withdrawal from Iraq strengthen Iran?

Ayad Al-Anbar
Ayad Al-Anbar

Iran’s hold on Iraq explained

Al Majalla - London
Al Majalla - London

Who owns Israel’s Fly Dubai rescue story?

Michael Horowitz
Michael Horowitz
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