Tariffs rake in $27.7B, but July spending wipes out the gains and burns $630B in 31 days. The US deficit is on pace to hit $3.5 trillion

US deficit hit $291B in July. That’s a $3.5 trillion yearly pace without a war or a recession. Just “normal” Washington spending. https://www.cbo.gov/system/files/2025-08/61304-MBR.pdf Tariffs brought in $25B. Trump called it “incredible revenue.” The same month, the government spent $630B. That’s …

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Chinese banks speed up bad loan sales amid economic recovery. NPL-backed securities rise 40%, real estate slump. 30% pay cuts, 5% home price decline wipes trillions.

Chinese banks accelerate bad loan sales amid rising consumer defaults in the post-COVID economic recovery. Record issuance of non-performing loan-backed securities, up 40%. Real estate meltdown hits middle-class wealth, with 30% pay cuts, stock and property losses. Households reassess money …

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