When the federal government began rushing trillions of dollars of assistance to Americans crushed by the coronavirus pandemic, the hope was that some of the aid would allow businesses to keep workers on the payroll and cushion employees against job losses.
But so far, a staggering number of Americans — more than 16 million — have lost their jobs amid the outbreak. Businesses continue to fail as retailers, restaurants, nail salons and other companies across the country run out of cash and close up shop as their customers are forced to stay at home.
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