New York (CNN Business) The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue. That's on top of the layoffs of 800 corporate associates at the parent company that owns the hotel brand. With stimulus talks stalled, leading hotel CEOs wrote a letter to Trump on Thursday pleading for help. "Your engagement is desperately needed to support struggling businesses, stem the impending wave of foreclosures and save millions of jobs," the hotel CEOs wrote. In other words, this is a problem for Pelosi, Trump and McConnell to address -- not Powell.

Source: CNN October 16, 2020 17:15 UTC