Tuesday, April 21, 2020

Retailers are begging for the government’s help — but Treasury might not listen

CNBC
Retail is reeling, as stores shutter and thousands of people lose their jobs while the coronavirus spreads.

Now, the Treasury Department must decide whether the risk of the industry toppling is worth putting taxpayer money where many others would not. Treasury Secretary Steven Mnuchin has shown little appetite for risk and losses, even as he attempts to support a cratering economy. . . . more