Washington is now piling up debt even in the absence of an emergency. In the long run, this sort of quick fix, where the cure is worse than the disease, will only worsen America’s economic fragility and add to uncertainty.

After a public split with Donald Trump over the “Big Beautiful Bill,” Elon Musk launched the America Party in an effort to challenge the U.S. two-party system. While his shifting stance on China adds strategic ambiguity, the party serves as a stress test for American democracy in an era of polarization and gridlock.

Was the so-called 12-day war a triple victory or a triple defeat? Will Americans tolerate a policy of “Israel first” over “America first”? The answers to these and other key questions will determine whether, and how deeply, the United States could be drawn into the fray again.

The honeymoon between Elon Musk and U.S. President Donald Trump ended with a war of words on social media. In his six months in the White House, Musk came to see big differences between his own political philosophy and that of die-hard Trump fans.

Wall Street’s turmoil is both a crisis and an opportunity. Those who adapt by diversifying into non-dollar assets or betting on emerging markets as wealth and power are redefined could come out ahead.

The extreme radicalism of the U.S. president’s thinking, coupled with the chaotic nature of his policies and their implementation, has significantly accelerated fragmentation and may even precipitate the collapse of the global governance structure.

Since his return to the White House, Donald Trump has attempted to reduce the U.S. focus on Europe in order to shift resources to the Indo-Pacific. But geopolitical rivalry can neither resolve America’s own problems nor the challenges facing the world.

The early decades of the 21st Century have already seen a rapid shifting of global power, and today one could view the world’s relationships flowing through a four-way struggle for balance and dominance between the U.S., China, the EU, and Russia.

For many nations, a highly profitable trade relationship with the United States is now no longer a given. With President Trump’s tariff agenda looming over the world, how is Asia planning for a future where the U.S. may not be so open for business?

Trump’s second term could pave the way for extended rule by undermining institutions and consolidating power, following the pattern of historical self-coups. This would not only threaten U.S. democracy but also disrupt global stability, forcing nations like China to rethink their long-term strategies.