The next big problem for the economy: Businesses can’t pay their rent
“Nearly half of commercial retail rents were not paid in May. Companies as big as Starbucks say the financial devastation from the shutdown has left them unable to pay their full property bills on time. Some companies warn they will not be able to pay rent for months,” writes Heather Long of The Washington Post.
See what Ken and Linda McGurn Professor Dr. David Ling has to say about how this might play out in this story from The Washington Post.