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US Goods, Services Trade Deficit Expanded To $74.4 Billion In March

The U.S. goods and services deficit widened to $74.4 billion in March, rising $3.9 billion from $70.5 billion in February, according to data released on Tuesday (May 4) by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The bureaus reported that March imports totaled $274.5 billion, which was $16.4 billion higher than February’s imports. By contrast, March exports were $200 billion, which was $12.4 billion higher...

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Cosi Restaurant Chain Seeks Speedy Bankruptcy Process

Restaurant chain Cosi, which is now in bankruptcy, wants to speed up the process so it can gain access to federal aid for restaurants as part of President Biden’s $1.9 trillion COVID-19 relief plan. The Boston-based “fast casual” chain hopes to have a hearing to confirm its post-bankruptcy plan by June 30, Bloomberg Law reported. Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware has approved...