Category: Business

Small-Business Failures Loom as Federal Aid Dries Up

The United States faces a wave of small-business failures this fall if the federal government does not provide a new round of financial assistance — a prospect that economists warn would prolong the recession, slow the recovery and perhaps enduringly reshape the American business landscape. As the pandemic drags on, it is threatening even well-established

Mnuchin Paved Way for U.S.P.S. Shake-Up

WASHINGTON — In early February, Treasury Secretary Steven Mnuchin invited two Republican members of the Postal Service’s board of governors to his office to update him on a matter in which he had taken a particular interest — the search for a new postmaster general. Mr. Mnuchin had made clear before the meeting that he

Where a Little Mortgage Goes a Long Way

The Shawnee neighborhood in Louisville, Ky., is a paradox: The houses are affordable, but they can be difficult to buy. The prices are so low that most banks and lenders will not bother writing mortgages for them. That was the problem facing Christopher T. Smith when he moved back to Shawnee, a historically Black neighborhood