America’s bills are due: Rent, credit card, payroll. The next few days will be critical for the U.S. economy.
Congress has passed a $2 trillion rescue plan but before those funds start to flow, American companies from the owner of a single liquor store in Boston to corporate giants like Macy’s Inc., must decide what to do about April’s bills: Which obligations do they pay and which can they put off? How many employees can they afford to keep on the payroll? Can they get a break on rent?
The decisions they make this week could shape how deeply the economy is damaged by the coronavirus pandemic.
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