The restaurant industry warns that delaying stimulus – even by several weeks— will cause even more independent restaurants to fail.

“If Congress and the President walk away from negotiations, even more of our neighborhood restaurants will go out of business,” the Independent Restaurant Coalition said in a statement Tuesday in response to President Trump’s decision to halt stimulus talks.

“We cannot afford five or six more weeks of decreased revenue, more debt, and uncertainty about colder weather,” wrote the group, noting that earlier on Tuesday Federal Reserve chairman Jerome Powell had underscored the pandemic’s disproportionate impact on industries with high in-person contact, like restaurants and bars.

The Independent Restaurant Coalition represents 500,000 independent restaurants in the United States, employing more than 11 million restaurant workers.

CNN

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