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US & Canada
Graphic Truth: Europe tries to fill US void in Ukraine funding
Under former President Joe Biden, the United States had been a major supporter of Ukraine, handing more than €100 billion to Kyiv in cumulative financial, humanitarian and military aid. In 2024, the US gave more to Ukraine than all of Europe combined. That has changed since US President Donald Trump took office, with Washington halting most forms of aid to Ukraine (it does still offer some military support, and has handed weapons to Ukraine via money allocated during the Biden administration). Europe has tried to fill the void, as the graphic shows, but there are concerns the European money well is starting to dry up.
Canada's Prime Minister Mark Carney and Minister of Finance Francois-Philippe Champagne applaud after a confidence vote on the federal budget passes in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada November 17, 2025.
Canada’s six-month old minority government survived a de facto confidence vote on its first budget yesterday, avoiding the possibility of a Christmas election. Carney now has a mandate to run the second-highest deficit in Canadian history, at CA$78.3 billion, in order to implement wide-ranging industrial policy that includes infrastructure, resource development, and defense. It’s a blow for the opposition parties, most notably the Conservatives, whose leader Pierre Poilievre is facing a leadership review vote by his party at its annual convention in January.
What will the budget mean for Canada? Over the next five years, the government will invest CA$115 billion in infrastructure spending, including electricity-grid upgrades and high-speed rail, as well as in major projects, including port infrastructure, LNG plants, and to support critical minerals development projects that could challenge China’s dominance in the sector. It will spend CA$25 billion on housing, a major election issue, as well as an extra CA$81.8 billion on defense. A “Buy Canadian” procurement regime will steer federal contracts toward domestic suppliers for all these engagements.
But the plan comes with an average CA$64.3 billion annual deficit for the next four years, double what had been projected by the previous government. According to the Fitch ratings agency, Canada’s general government-debt-to-GDP ratio will rise to 91.8% in 2026 and 98.5% in 2027, compared with 88.6% in 2024 and nearly double its AA rating median of 49.6%. To counter the fiscal pressure, the budget promises to cut 10% of public service jobs to balance the government’s operating expenditures, but capital spending will still have Ottawa in the red.
Those factors made the budget unpalatable to both the right-wing Conservatives and the left-wing New Democrats while two other smaller parties, the Bloc Quebecois and the Greens, refused to support it due to its failure to increase Old Age security payments and its removal of the federal emissions cap on Canada’s oil and gas industry.
So then how did the budget pass? Carney’s government was three seats shy of a majority when the bill was introduced on Nov. 4. That same day, however, a Conservative MP, Chris d’Entremont, crossed the floor to the Liberals, and a day later, another Conservative, Matt Jeneroux, announced he would resign his seat in the spring, ostensibly for family reasons, amid rumours that he was also considering joining the government.
That left Carney still in need of two crucial votes, or a combination of votes and abstentions. He got the support of Elisabeth May, leader of the Green Party, in exchange for a promise to meet Canada’s climate targets in the Paris Agreement to reduce greenhouse gas emissions by 40-45% below 2005 levels by 2030, though it is not clear how that will be achieved with the new energy investments in the budget. Four opposition MPs then abstained, two each from the Conservatives (Jeneroux, and another with serious health issues) and the New Democrats (one whose local mayors and Indigenous leaders did not want an election, and another who saw benefits in the budget for her riding). This allowed the budget to pass by a vote of 170 to 168.
Where does this leave the opposition? The drama has weakened Conservative leader Poilievre. Many MPs were already unhappy with the party’s election defeat in April, blaming Poilievre for failing to pivot to the issue of opposing US President Donald Trump. The Conservative leader also lost his own seat and had to win a seat in a by-election in order to return to Parliament in September.
But the biggest problem in the Conservative Party is governance. In the wake of the budget floor crossing, Poilievre and his advisors reportedly threatened MPs to prevent further defections, leading one to liken their style to that of “the Sopranos”. This could spell trouble for Poilievre at an upcoming Conservative leadership review in January, required when the party loses an election: a score under 80% could severely undermine his ability to remain leader.
At the other end of the political spectrum, the NDP are fighting for relevance after the 2025 election reduced them to seven seats and saw their leader resign. The party is voting to choose a new leader in March 2026, making the prospect of an election now without a permanent leader an unappealing prospect. However, the decision by two members to abstain revives bitter memories of the party’s deal to prop up the previous Liberal government, which angered many members and became a factor in the New Democrats’ defeat.
How stable is the government?
With the budget passed, the Liberals don’t need to worry about another confidence vote until the fall of 2026. But nothing prevents the government from going to the polls at any time, if it thinks it could be to its advantage. The longest a government can stay in power in Canada is five years, but the average lifespan of a government without a locked-in majority of Parliament is about two years. The timing of the next election could hinge on many factors, including striking a trade deal with Trump, the state of the Canadian economy, and the strength – or weakness - of opposition leaders.
“Most CEOs are really unwilling to say anything,” he tells Ian Bremmer. “They'll talk to you privately, absolutely. But publicly, unless they're going to be in praise of what's ever happening in Washington… they are not willing to raise their hand and say, ‘this is a problem."
Sorkin points to fear—both political and reputational—as a key reason why tech and financial leaders stay silent. “If I raise my hand now, I may not have a hand,” he says. “Should I raise it now? Should I raise it later? And will there be a later?”
As economic uncertainty grows, he questions whether the public can count on the private sector to lead. “If we ever get to a moment where there is a crisis… are there going to be leaders willing to stand up and explain what needs to happen?”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
Could Trump have handled the Epstein files any worse? Ian Bremmer says the president came close, first opposing the release, then reversing course once it was clear he was losing Republican support in Congress.
“When they’re running you out of town, get in front of the crowd and make it look like you’re leading the parade,” Ian says of Trump’s Sunday-night flip.
Now Republicans can safely vote to release what’s legally permissible, while Trump’s DOJ delays disclosures by launching new investigations into Democrats named in the files.
It caps a rough stretch for Trump: election losses in multiple states, slipping poll numbers, and public feuds with longtime allies. But when it comes to the Epstein documents themselves, Ian is clear: they will likely contain embarrassing details for Trump, but he does not expect they will show illegal involvement, or the Biden administration would have already acted.
Saudi Crown Prince Mohammed Bin Salman reacts next to US President Donald Trump during the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, on May 13, 2025.
For the first time in seven years, Saudi Crown Prince Mohammad bin Salman is returning to Washington, DC, this week. While crude oil has traditionally pulled the two countries close together, it is now the great power-chess game between the US and China that is making them join forces.
MBS, as the de-facto Saudi leader is known, and US President Donald Trump have much to discuss when it comes to peace in the Middle East. The chances of Saudi Arabia recognizing Israel by joining the Abraham Accords are slim. Nonetheless, defense agreements will be on the table, as Saudi Arabia seeks to bolster its protections in what has been a tumultuous year in the region.
The US-Saudi relationship has come full circle since the crown prince’s last visit in 2018. Since then, there was the killing of Washington Post journalist Jamal Khashoggi – reportedly sanctioned by the crown prince – at a Saudi consulate in Turkey, which created major tensions. Those were exacerbated after Riyadh got upset with Washington when it refused to respond to the 2019 Houthi attack on Saudi oil facilities. Then, during the 2020 campaign, Joe Biden suggested Saudi Arabia should be a “pariah.” Biden then sought to ease tensions in 2022, as he wanted Riyadh to pump more oil to alleviate high inflation rates. And now the AI race between the US and China has pushed Riyadh and Washington closer together.
“[Khashoggi’s death] hung like a pall over MBS reputation in the United States,” Hussein Ibish, a senior resident scholar at the Arab Gulf States Initiative in Washington, told GZERO. “Time has worn away the sting a little bit.”
The Middle East has also changed dramatically over the past seven years. Israel was locked in a brutal war with Hamas for the past two years, with a fragile ceasefire keeping the peace for now. More Arab nations are concerned about the conflict spilling over, too, especially after Israel bombed Qatar in a failed bid to kill Hamas leaders. Meanwhile, the influence of Saudi’s top enemy, Iran, has diminished, as its proxies in the region – the Assad regime in Syria, Hezbollah in Lebanon, and Hamas in Gaza – have all been hobbled or even removed.
“Iran is no longer the strategic threat that it was seven years ago,” Ibish said. “[But] there is still this need on the part of Saudi Arabia for American security guarantees.”
So what will Trump and bin Salman discuss? First and foremost for the crown prince will be defense. There are two aspects to this: firstly, Saudi wants a defense agreement akin to what the US signed with Qatar, ensuring that the US will defend the Gulf state in case of attack. Secondly, the Saudis want to buy F-35 planes from the US – Israel is the only Middle East country that has successfully negotiated and executed a purchase agreement of F-35s.
“The US public and US government and Trump have been a little bit more critical of Israel,” Alia Awadallah, who was a Pentagon official during Biden’s term in office, told GZERO, suggesting that the US may be willing to sell to a country other than Israel. “[Saudi Arabia] will be trying to assess whether it’s actually realistic to get that type of sale through both the White House, but also through Congress, which would have to approve it.”
The US is sure to bring up something that has layed tantalizingly out of reach: the Abraham Accords. Trump is reportedly still pressing MBS to recognize Israel and join the Accords, arguing that the peace he successfully brokered in Gaza should be enough to prompt Riyadh to do so. But the crown prince has repeatedly said that he wouldn’t do this until Israel recognizes a Palestinian state, so the chances of him signing the accords on this trip are close to null.
“At a minimum, this requires phase two of the Gaza ceasefire being implemented, and Israeli assurances regarding the Palestinian right of self determination,” said Eurasia Group’s Middle East Director Firas Maksad. “And we’re not there yet.”
If there’s no agreement on the Accords, there’s likely to be more on artificial intelligence. It is this area – rather than oil – that is pushing the two countries closer together, per Maksad. Trump’s visit to Riyadh in May was all about AI, with Saudi firms pledging billions of dollars in investments. In return, Riyadh wants access to items like Nvidia’s AI chips for its data centers. Meanwhile the US wants to see those incoming investments, while ensuring that Saudi secures rights to critical minerals in Africa, grants US access to them, and blocks China from getting them. This trip will be a chance to firm up these AI ties.
“Although the headlines continue to be animated by the prospect of normalization between Israel and Saudi Arabia… that is the wrong lens to be looking at things,” said Maksad. “This [US-Saudi] relationship is increasingly shaped by great power competitions, particularly US-China dynamics, rather than anything specific to the region and the Arab-Israeli conflict.”
What We’re Watching: Epstein files on the US House floor, Ukraine hits Russia where it hurts, RSF consolidated its grip on Darfur
U.S. President Donald Trump shakes hands with U.S. House Speaker Mike Johnson (R-LA) after signing the funding bill to end the U.S. government shutdown, at the White House in Washington, D.C., U.S., November 12, 2025.
The US House set to vote to release Epstein files
The House of Representatives will vote next week to compel the Justice Department to release the Epstein files, after a trove of documents this week further linked President Donald Trump with the late sex offender. Trump and House Speaker Mike Johnson have opposed the bill, but are braced for scores of their party to vote for the release – potentially over 100, according to Politico. Their defections signal that representatives fear being seen as implicated in a cover up could come back to bite them ahead of 2026 Midterm elections. Polling shows that 67% of Republicans agree that the administration should release all the documents. However, even if the bill does pass, it is unlikely to make it out of the GOP-controlled Senate, or get the White House signature it needs to become law.
For Ukraine, is offense the best form of defense?
Ukraine is on the verge of losing another town in the eastern part of the country, and at a great cost, raising questions over whether it should spend so much defending these areas. What’s more, Russia hit several residential towers in Kyiv last night. But Ukraine did have a response, using drones and cruise missiles to strike Russia’s Novorossiysk port, which sits on the Black Sea, and halt exports of 2% of the whole world’s oil supply. Fittingly, crude prices rose 2% as a result. With Ukraine struggling to hold onto towns out east, is a better option to halt Russia a continuation of strikes deep inside enemy territory?
World’s worst war is about to get even worse
Sudan’s horrific civil war is set for a fresh escalation as the paramilitary forces battling the army look to open a new front. The Rapid Support Forces, having consolidated power in the West and the South – where they are accused of recent mass killings and acts of genocide – are now eyeing an eastward push to the Kordofan region. Sudan’s civil war, now in its third year, has already displaced at least 13 million people, forcing some four million into neighboring countries. Estimates of the death toll run to 400,000. The US yesterday called for an arms embargo against the RSF, but the effect is unclear: a recent Washington-brokered ceasefire disintegrated within days.
Hard Numbers: India’s Modi has excellent election day, US agrees to cut Swiss tariffs, 12-year manhunt for Assad ally ends, & More
India's Home Minister Amit Shah and India's Defence Minister Rajnath Singh present a garland to Prime Minister Narendra Modi, as Bharatiya Janata Party (BJP) supporters celebrate the Bihar state assembly election results, at the party headquarters in New Delhi, India, November 14, 2025.
200: Indian Prime Minister Narendra Modi’s ruling coalition is headed for a landslide win in Bihar, securing over 200 of 243 seats in a key test of the leader’s popularity ahead of major state and national elections. The victory strengthens his fragile federal coalition and weakens the opposition
15%: The US and Switzerland reached a deal to bring tariffs down on the European country from 39% to 15%, lowering the price of pharmaceuticals, gold, watches, and chocolate that Americans import from the Swiss. The high rate was in part because of the high trade surplus that Switzerland had with the United States. The US also cut levies on certain products from four Latin American countries.
12: A 12-year manhunt for a Syrian official accused of war crimes has finally come to an end, after Austrian officials indicted him for torture. Brig. Gen. Khaled al-Halabi, who hid in plain sight in Paris and Vienna, was captured last December, but was only charged on Wednesday in connection with actions he took while helping to quell the Arab Spring from 2011 to 2013.
10: Canada is still taking Trump’s missives against them personally: October marked the 10th consecutive month of decline in the number of Canadians traveling to the United States. Air travel fell 24% compared to this month last year, and car travel by 30%. The slowdown is hurting some US businesses.
20,000: Germany’s government has created a new military service plan aimed at boosting the number of troops by 20,000 within the next year, taking the total enlisted above 200,000. Under the plan, all 18-year-old men will have to fill out a questionnaire on whether they are suitable to serve and, from 2027, undergo medical screening. Germany’s military past means it has been reluctant to remilitarize in the post-war period – until now.
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