America’s $40 trillion national debt is not an immediate fiscal crisis, but rising interest costs could increasingly reach ordinary households through borrowing costs, taxes and tighter federal budgets. By Muhammad Munaeem Jamal | Karachi-based political economy commentator working in Treasury, with professional experience in SWIFT and cross-border payments Published: August 20, 2026 The Number on My Phone I stopped at the $40 trillion figure when it appeared on my phone in Karachi. Not because I thought America was about to run out of money. Countries do not operate like household bank accounts, and the United States occupies a financial position that almost no other country possesses. A different question interested me. When does a number sitting on Washington's balance sheet begin appearing in an American family's monthly expenses? That is where the national debt becomes more than a political argument. The U.S. government's gross national debt has crossed $40 tr...
Israel’s strikes on Syria’s Abu al-Duhur airbase have exposed a deeper contest over Turkey’s military influence, Syrian sovereignty and Israel’s security red lines. Eight Strikes on an Old Syrian Airfield On Wednesday morning in Karachi, I was reading reactions to Israel’s latest strike on Syria when one question stopped me. What would Ahmed al-Sharaa and Recep Tayyip Erdoğan actually do if Israel refused to tolerate a Turkish military presence at a Syrian airbase? The replies quickly moved from strategy to slogans, but I kept returning to the battered runway at Abu al-Duhur. Israeli aircraft struck the Abu al-Duhur military airbase in northwestern Syria eight times on August 18, 2026, according to Syrian state television. The strikes damaged the runway and storage facilities, with no casualties reported. Turkey condemned the attack, while U.S. envoy Tom Barrack described the Israeli action as an unnecessary escalation. Abu al-Duhur itself is not the real story. The deeper is...