The U.S. hotel industry asked the Trump administration for a $150 billion bailout Tuesday, joining the growing ranks of businesses appealing to the federal government to stave off insolvency after getting hammered by the fallout of the coronavirus. In a White House meeting with Mr. Trump and Vice President Mike Pence, hotel industry groups requested a massive cash infusion—$100 billion to retain workers and $50 billion to service debt—as they warned that half the hotels in the country could close this year.

Source: Wall Street Journal March 17, 2020 23:15 UTC