Politico: Trump’s rebound story meets mounting bankruptcies

Politico: Trump’s rebound story meets mounting bankruptcies. “While President Donald Trump prepares to promote an economic rebound, a wave of business failures is set to tell another story. Economic-relief money drying up in August and September will mark a final blow for some firms that had managed to hang on so far with government aid — which now appears unlikely to be renewed for weeks, if ever. Cold weather and flu season could end outdoor dining, halt other indoor activities and contribute to Covid-19 outbreaks at workplaces. And economists expect weak demand and tight credit — especially for smaller businesses — to add to the tens of thousands of firms that have already collapsed amid the Covid-19 pandemic, while restraining entrepreneurs hoping to replace them.”

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