Tag: Federal stimulus package

US Retailers Facing a Potential Wave of Bankruptcies

June 24, 2022
bankruptcyBusiness & MarketseconomyFederal stimulus packageinflationretail industryU.S. interest rate hikesUS
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The U.S. retail industry might be at the precipice of a massive wave of bankruptcies, according to multiple experts, as customers struggle with shrinking purchasing power amid rising inflation. “We have potentially a perfect storm brewing,” Sally Henry, a professor of law at Texas Tech Law School and former partner at Skadden, Arps, Slate, Meagher…

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Orange County’s Neediest Cities Will Receive More than $100 Million in Federal Funds 

March 18, 2021
ANAHEIMArchivedCOVID-19disadvantaged communityeconomyfederal aidFederal stimulus packageNewsOrange CountyRegional-Local NewsSanta AnaSouthern CaliforniaUS
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Santa Ana and Anaheim—two of Orange County’s most underprivileged cities—will each receive more than $100 million in federal funding to revive their depressed economies. The money is part of a $1.9 trillion stimulus bill signed into law by the federal government last week. About $143 million will be allocated to Santa Ana in what Mayor Vicente…

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