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النسخة العربية
  • Politics
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  • US debt

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
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Reuters / Al Majalla
Politics

Trump has few good options on Iran

16 February 2026

As the US and Iran head to talks in Geneva, competing forces are pulling Trump in opposite directions. There are only two "good" scenarios in front of him, and neither will be easy to achieve.

Michael Horowitz
Al Majalla
Business & Economy

Gold’s ascent points to strains in the dollar-centric global financial order

16 February 2026

Rising bullion prices, volatile currency markets, and renewed debate over US monetary strategy reflect deepening doubts about Washington's stewardship of the global financial system

Mohamed Sharki
The Arab Summit and the Organisation of Islamic Cooperation in Riyadh on 11 November 2024.
 SPA
Politics

An Arab vision for regional security

09 February 2026

From dependency to strategic agency

Ramzy Ezzeldin Ramzy
Aliaa Aboukhaddour
Culture & Social Affairs

The Kuwaiti collector preserving Fairuz's legacy

16 February 2026

Faris Al-Muhanna dreams of one day creating a digital archive to safeguard the history and memory of Lebanon's most iconic artist for future generations

Charbel Khoury
Children watch the Indian Air Force (IAF) Surya Kiran aerobatics team performing during Aero India 2025, a military aviation exhibition at the Yelahanka Air Force Station in Bengaluru on 13 February 2025. Idrees MOHAMMED / AFP
Politics

India’s record defence budget turns heads

15 February 2026

A $86.7bn budget, rapid naval expansion, and longer-range missile development underline New Delhi's drive to modernise its forces and compete more assertively with China and Pakistan

Shakir Husain

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Alfred J. Naddaff
Alfred J. Naddaff

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