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NEW YORK: Big-serving Ben Shelton overpowered US compatriot Frances Tiafoe in four sets on Friday to reach the first Grand Slam final of his career, booking a US Open title showdown with Alexander Zverev.

Eighth-seeded Shelton blasted 20 aces on his way to a thrilling 4-6, 6-3, 6-3, 7-5 victory on the Arthur Ashe Stadium court.

Top seed Zverev held off 50th-ranked Russian Karen Khachanov 6-3, 7-6 (9/7), 7-6 (8/6) to reach his third straight Grand Slam final – a run that delivered his maiden major at the French Open and saw him finish runner-up at Wimbledon.

Shelton – who took down defending champion Carlos Alcaraz in the quarter-finals – will now have the chance to become the first American man to win a Grand Slam title since 2003, when Andy Roddick triumphed at the US Open.

“It’s a lot of emotion,” Shelton said in an on-court interview. “My dad, my mom have sacrificed a lot for me to be in this position today. My dad lost his mom earlier this year, and she’s the reason that he was able to play tennis.

“Without her, there’s no Ben Shelton standing here today. So this one is for her. And I’m gonna need you guys on Sunday to bring the energy. I’m going for it. I’m gonna leave it all on the court.”

Zverev is eager for the chance to play spoiler.

“Hopefully I can not make the American dream come true on Sunday,” the German said.

The pulsating all-American semi-final played out in front of a star-studded crowd, with tennis legends including Serena Williams, Stan Smith and Lindsey Davenport on hand along with actors Ben Stiller and Rami Malek and New York Knicks star Jalen Brunson.

Tiafoe claimed the first set after Shelton uncharacteristically double-faulted to trail at 5-4.

They traded breaks early in the second, but Shelton took advantage of Tiafoe’s increasingly erratic serve to break for a 5-3 lead and level the match.

The momentum was all with Shelton, who broke for a 3-2 lead then seized the set with a break in a marathon ninth game that went to deuce seven times.

The tension was mounting in the fourth set, but Shelton kept his composure as Tiafoe raised his level and gained the crucial break in the final game.

On Sunday he’ll be up against an experienced opponent in Zverev, who after laboring through two five-setters to open the tournament has steadily upped his game.

‘Anything but straightforward’

Zverev doused Khachanov’s hopes of reaching a first Grand Slam final, although the Russian – who fell to Zverev in the Olympic gold medal match in Tokyo in 2021 – put up a spirited challenge in the second and third sets.

“Straight-set win, but anything but straightforward,” Zverev said. “He played incredibly well, fought incredibly well.”

Khachanov denied Zverev on two set points in the second set tiebreaker with a thumping forehand and a brilliant backhand down the line before Zverev closed out the set.

Neither player mustered a break point in a tense third set. But when Khachanov took a 6-4 lead in the tiebreaker he surrendered both set points with forehand errors. Zverev came up with his 15th ace and sealed the win when Khachanov sent a forehand long.

“Second and third set I think it’s more than obvious that they could have gone both ways,” Zverev said. “I just played a few points better here and there.”

A somber note was struck during the national anthem ceremonies of both the day and night sessions on the 25th anniversary of the September 11 attacks that brought down the twin towers of the World Trade Center in New York.

“It’s a difficult day to be out here playing,” Shelton said in his remarks to the crowd. “My thought and payers go out to all the families affected by 9/11.”

The women’s final is on Saturday, when Kazakhstan’s Elena Rybakina will try to deny Aryna Sabalenka a third straight title just days after ending the Belarusian’s near two-year reign atop the world rankings by reaching the semi-finals.

Published on
20/08/2026 – 11:18 GMT+2

The US national debt now stands at a record $40 trillion (€34.4tn), while the Treasury has responded to the bond market pressure by pledging to buy back far more of its own older securities.

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Washington’s two announcements landed on the same day and represent two symptoms of the same underlying strain: a government borrowing at a record pace just as buyers of its longest-dated debt are demanding higher returns to keep lending.

Buybacks work like a targeted repurchase. Rather than printing new money, the US Treasury uses cash it already has to repurchase older, harder-to-trade bonds from investors, improving liquidity without changing the total stock of debt.

From 9 September, the maximum size of each buyback operation in the 10-to-20-year and 20-to-30-year markets will at least double, from $2 billion (€1.7bn) to $4 billion (€3.4bn), running through the next quarterly refunding on 4 November.

The US Treasury said the change reflects “strong sponsorship from market participants” in that part of the curve, but the timing of the decision was no accident.

The 30-year yield had climbed on Tuesday to its highest level since 2007 amid what analysts called a buyers’ strike stretching back to late June, aggravated by a swelling supply of corporate debt tied to AI data centre spending.

Yields duly fell after Wednesday’s announcement, with the 30-year dropping roughly 9 basis points and the 10-year around 6, and Wall Street rallied.

Asked whether Americans should worry about the volatility, US President Donald Trump simply said: “No, I don’t think so.”

However, not everyone is convinced the fix goes deep enough.

The size of the increase is modest next to the $32 trillion (€27.5tn) Treasury market it is meant to steady, and notable economist Mohamed El-Erian suggested the outsized market reaction reflected hopes of broader intervention to come rather than the direct effect of the buybacks themselves.

Thomas Simons, chief US economist at Jefferies, said the announcement broke with Treasury’s usual pattern of steady, well-flagged communication about its borrowing plans and felt “shot from the hip”.

How the US national debt reached $40 trillion

The debt figure, confirmed by US Treasury data covering Tuesday, splits into $32.27 trillion (€27.75tn) held by the public and $7.78 trillion (€6.69tn) owed between government accounts.

It arrived roughly two fiscal years earlier than expected as the US Congressional Budget Office projected in May 2023 that the threshold would not be crossed until 2028, and it came remarkably fast even by recent standards: $39 trillion (€33.5tn) was reached only in March, $38 trillion (€32.6tn) the previous October.

The US government borrowed $1.8 trillion (€1.5tn) in the first ten months of this fiscal year alone, already more than it borrowed in the whole of the last one, as spending on Social Security, Medicare, defence and interest payments continues to outrun revenue.

“The national debt is not just a number on the government’s balance sheet,” said David Young, president of the Conference Board’s CEO Center, noting it shapes the financial decisions Americans make daily.

The two stories feed each other.

A bigger debt load makes investors warier about lending long-term, which pushes yields higher. In turn, higher yields then raise the government’s own interest bill, adding further to the debt the US Treasury has to finance next.

Wednesday’s buyback expansion may ease the immediate pressure, but it does nothing to slow the borrowing driving it.