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  • Senate Minority Leader Sen. Chuck Schumer of N.Y., left, with...

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    Senate Minority Leader Sen. Chuck Schumer of N.Y., left, with Sen. Elizabeth Warren, D-Mass., speaks during a news conference, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington.

  • JULY 1: NPC INTERNATIONAL | With $903 million in debt,...

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    JULY 1: NPC INTERNATIONAL | With $903 million in debt, NPC International—Pizza Hut and Wendy's biggest franchisee—on July 1 filed for bankruptcy. The company suffered from years of diminishing sales and rising debts that couldn't be cured by the fact it was one of the small minority of businesses to enjoy an uptick in sales during the pandemic.

  • JULY 13: NEW YORK & COMPANY | Retailer New York...

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    JULY 13: NEW YORK & COMPANY | Retailer New York & Company's parent company R&W Retailwinds in mid-July filed for bankruptcy, quickly reopening many of its brick-and-mortar locations for liquidation sales. Company CEO and CFO Sheamus Toal said the path forward involved a liabilities restructuring and possible sale of all or part of the business.

  • JUNE 1: LIBBEY | Restaurant glassware supplier Libbey filed for...

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    JUNE 1: LIBBEY | Restaurant glassware supplier Libbey filed for bankruptcy on June 1 as demand all but ceased during the pandemic. The company, founded in 1818, said it expected to come back as a "stronger, more influential partner to our customers, vendors, and end users," and that lenders had already earmarked $160 million in debtor-in-possession financing.

  • MAY 10: STAGE STORES | Stage Stores, which operates Palais...

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    MAY 10: STAGE STORES | Stage Stores, which operates Palais Royal, Bealls and Goody's department stores, announced the liquidation of hundreds of retail locations and its search for a buyer. The retailer has been operating in 42 states.

  • APRIL 26: DIAMOND OFFSHORE AND WHITING PETROLEUM | Rig contractor...

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    APRIL 26: DIAMOND OFFSHORE AND WHITING PETROLEUM | Rig contractor Diamond Offshore and Whiting Petroleum was among a number of companies adversely affected by the virtual halt in demand for oil that brought oil prices to below $0 a barrel in late April. As many as 2,500 jobs were expected to be affected.

  • MAY 7: ALDO | Canadian-based shoe company Aldo in early...

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    MAY 7: ALDO | Canadian-based shoe company Aldo in early May sought court protection via the Companies' Creditors Arrangement Act in Canada, as well as similar protections in the U.S. and Switzerland. The company has approximately 3,000 stores and 8,000 employees around the world.

  • APRIL 10: FOODFIRST GLOBAL HOLDINGS | FoodFirst Global Holdings, which...

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    APRIL 10: FOODFIRST GLOBAL HOLDINGS | FoodFirst Global Holdings, which operates restaurant chains Bravo Cucina Italiano and Brio Tuscan Grille, filed for Chapter 11 bankruptcy in April. At the time of its filing, just 21 of FoodFirst's almost 100 businesses were open due to pandemic shutdowns around the country. By May, the bankrupt company sought to enter a $30 million deal with GP investments which owns several restaurant chains including Planet Hollywood.

  • JUNE 29: CIRQUE DU SOLEIL | Three months after suspending...

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    JUNE 29: CIRQUE DU SOLEIL | Three months after suspending performances, Cirque du Soleil at the end of June laid off 3,500 workers and filed for bankruptcy as its debts piled up to nearly $1 billion. The company had already begun courting bidders and received a $300 million infusion in new funding.

  • MAY 15: J.C. PENNY | Like virtually all retailers that...

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    MAY 15: J.C. PENNY | Like virtually all retailers that filed for bankruptcy during the pandemic, J.C. Penney had already suffered through slumping sales when coronavirus landed on American shores and cratered the economy. The company sought a sale of its retail business as opposed to liquidation. There were 85,000 J.C. Penney employees and 846 stores at the time of the bankruptcy filing; the company expressed hope that 600 stores would reopen.

  • AUG. 2: TAILORED BRANDS | Tailored Brands, the parent company...

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    AUG. 2: TAILORED BRANDS | Tailored Brands, the parent company of Men's Wearhouse, Jos. A. Banks, K&G Fashion Superstore, and Moores Clothing for Men, announced it would continue operating its retail portfolio despite its bankruptcy filing. The corporation plans to restructure in order to shave off more than $630 million from its debt.

  • MAY 7: NEIMAN MARCUS | The Neiman Marcus Group was...

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    MAY 7: NEIMAN MARCUS | The Neiman Marcus Group was a fixture in the retail fashion world for 113 years before filing for bankruptcy protection in early May. The company owns Bergdorf Goodman, Horchow, Last Call, Mytheresa, and Neiman Marcus. There had already been much speculation prior to the pandemic about potential bankruptcy for the group, which had $4 billion in debt. Store closures and significant drops in demand served as a tipping point for the giant retailer.

  • MAY 27: PQ NEW YORK | PQ New York, which...

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    MAY 27: PQ NEW YORK | PQ New York, which licenses the Le Pain Quotidien brand, shuttered its 98 U.S. locations during coronavirus. The company already had plans to file for bankruptcy protection before the pandemic; the unexpected closures forced it to liquidate instead. New York-based restaurant umbrella Aurify Brands bought the 98 Le Pain Quotidien locations with plans to reopen 35 or more.

  • APRIL 8: APEX PARKS | Apex Parks, which operates water...

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    APRIL 8: APEX PARKS | Apex Parks, which operates water parks and entertainment centers in California, Florida and New Jersey, had already shut one of its New York parks in February amid slumping profits. The pandemic pushed the company into bankruptcy as shutdowns devastated the struggling company's bottom line. Apex Parks was bought out in May for $45 million by lender group Cerberus.

  • JUNE 23: GNC | After nearly 90 years in business,...

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    JUNE 23: GNC | After nearly 90 years in business, GNC on June 23 filed for Chapter 11 bankruptcy protection and said it would close up to 1,200 of its 5,200 locations in the U.S. while courting buyers. The vitamin and supplement company accrued almost $1 billion in debt amid slumping sales.

  • JULY 3: LUCKY BRAND | Lucky Brand Dungarees, purveyor of...

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    JULY 3: LUCKY BRAND | Lucky Brand Dungarees, purveyor of high-end denim, filed in early July for bankruptcy as sales dropped off during the pandemic. The company's initial plans were to close at least 13 stores.

  • JUNE 14: CHUCK E. CHEESE | CEC Entertainment, parent company...

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    JUNE 14: CHUCK E. CHEESE | CEC Entertainment, parent company to Chuck E. Cheese and Peter Piper Pizza, in late June filed for Chapter 11 due to economic hardship following restaurant closures during the pandemic. The company said it would continue operations at a number of its locations during its court-sanctioned reorganization.

  • JULY 30: CALIFORNIA PIZZA KITCHEN | California Pizza Kitchen sought...

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    JULY 30: CALIFORNIA PIZZA KITCHEN | California Pizza Kitchen sought bankruptcy protection in order to restructure and lower its debt by an estimated $230 million and get out of bankruptcy within three months. Some of the popular pizza chain's more than 200 locations were expected to permanently close.

  • MAY 27: TUESDAY MORNING | Tuesday Morning filed for Chapter...

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    MAY 27: TUESDAY MORNING | Tuesday Morning filed for Chapter 11 bankruptcy protection in late May and announced around 230 of its almost 700 stores around the country would permanently close. The Dallas-based home goods store further explained plans by the fall to exit Chapter 11 with around 450 stores in tact.

  • JULY 8: SUR LA TABLE | Seattle-based kitchenware brand Sur...

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    JULY 8: SUR LA TABLE | Seattle-based kitchenware brand Sur La Table sought a buyer for the company when it filed for bankruptcy protection in early July. The business made a name for itself by offering in-store cooking classes; approximately half of its 112 stores were expected to close.

  • MAY 5: GOLD'S GYM | Ahead of Gold's Gym early...

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    MAY 5: GOLD'S GYM | Ahead of Gold's Gym early May bankruptcy filing, the company in April shuttered 30 locations. The chain's existing 700 gyms around the world stayed open as Gold's Gym sought restructuring plans.

  • MAY 22: HERTZ | The country's second-largest car rental company...

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    MAY 22: HERTZ | The country's second-largest car rental company filed in late May for bankruptcy protection for its $19 billion in debt and 700,000 rental cars left sitting in lots as travel ground to a halt during the pandemic. From May 26 to June 8, Hertz's stock exploded from 56 cents a share to $5.53 a share ahead of creditors' reorganization plan expected for the end of the year. The company has to sell more than 180,000 vehicles before the end of the year as part of its bankruptcy agreement; many are being sold at below market value.

  • JULY 23: ASCENA RETAIL GROUP | Ascena Retail Group, the...

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    JULY 23: ASCENA RETAIL GROUP | Ascena Retail Group, the parent company of Ann Taylor, Catherines, and Lane Bryant, announced that almost one-third of its 2,800 stores would close following its bankruptcy filing in late July. The retail group had seen reduced sales and rising debt for years.

  • JULY 8: BROOKS BROTHERS | Citing significant drops in sales...

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    JULY 8: BROOKS BROTHERS | Citing significant drops in sales during pandemic-related store closures, Brooks Brothers joined the ranks of other major U.S. retailers to seek bankruptcy protection in the last six months. The company was founded in 1918 in Manhattan and has outfitted 40 U.S. presidents.

  • APRIL 25: CMX CINEMAS | CMX Cinemas is the country's...

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    APRIL 25: CMX CINEMAS | CMX Cinemas is the country's eighth-largest movie theater operator, with 41 locations throughout the Midwest, Northeast and South offering dine-in movie-going options for customers. As the cinema group's parent corporation, Cinemex Holdings USA (owned by Grupo Cinemex SA de CV in Mexico) was in the process of acquiring Star Cinema Grill when the pandemic struck and sent Cinemex Holdings into bankruptcy.

  • JUNE 14: 24-HOUR FITNESS | 24-Hour Fitness in its June...

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    JUNE 14: 24-HOUR FITNESS | 24-Hour Fitness in its June 14 Chapter 11 filing announced the permanent closure of 100 U.S. locations and said it expected to open a majority of its remaining 300 locations by the end of June. The U.S. Bankruptcy Court for the District of Delaware in late July approved a $250 million post-bankruptcy loan for the struggling business to ensure operations can continue into the new year as the coronavirus cases continue to climb in many parts of the country and many gym locations remain shut.

  • MAY 4: J. CREW | When J. Crew filed for...

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    MAY 4: J. CREW | When J. Crew filed for bankruptcy in early May, it marked the first retail casualty of the coronavirus. Bankruptcy terms stipulated that the retailer's chief creditors would cancel approximately $1.65 billion in debt and take control of the corporation.

  • MAY 19: PIER 1 IMPORTS | Pier 1 Imports announced...

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    MAY 19: PIER 1 IMPORTS | Pier 1 Imports announced in January that it would be closing almost half of its locations; it filed for Chapter 11 bankruptcy protection the following month. As businesses closed during the coronavirus pandemic, the retailer in May shifted gears and announced the additional economic strain had prevented the sale of the company and Pier 1 Imports would instead close all of its stores.

  • AUG. 4: VIRGIN | Virgin Atlantic on Aug. 7 secured...

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    AUG. 4: VIRGIN | Virgin Atlantic on Aug. 7 secured U.S. bankruptcy protection following Virgin's Aug. 4 bankruptcy filing in the U.K., ensuring oversight of debt reorganization and asset protection. Money infusions were expected from Virgin founder Richard Branson and U.S. hedge fund Davidson Kempner Capital Management.

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PUBLISHED: | UPDATED:

Senate Democrats scuttled a scaled-back GOP coronavirus rescue package on Thursday as the parties argued to a standstill over the size and scope of the aid, likely ending hopes for coronavirus relief before the November election.

The mostly party-line vote capped weeks of wrangling that gave way to election-season political combat and name-calling over a fifth relief bill that all sides say they want but are unable to deliver. The bipartisan spirit that powered earlier aid measures is all but gone.

Democrats said the measure shortchanged too many pressing needs. Republicans argued it was targeted to areas of widespread agreement, but the 52-47 vote fell well short of what was needed to overcome a filibuster. All the present Democrats opposed it, while conservative Rand Paul, R-Ky., cast the only GOP “nay” vote. The Democratic vice presidential nominee, Kamala Harris, was campaigning in Miami and missed the vote.

“It’s a sort of a dead end street, and very unfortunate,” said Sen. Pat Roberts, R-Kan. “But it is what it is.”

The $650 billion measure is significantly smaller than legislation promoted by Republican leaders this summer. But that version was too big for most conservatives, so the GOP bill was instead stripped back to focus on school aid, jobless benefits and help for small businesses. That maximized Republican support even as it alienated Democrats, who say such a piecemeal approach would leave out far too many vulnerable people.

The result was a predictable impasse and partisan tit-for tat as the congressional session limps to its pre-election close. The panicked atmosphere that drove passage of the $2 trillion landmark CARES Act in March has dissipated as the nation powers through the pandemic with partial reopenings of businesses and schools, though the economy lags and the virus continues to badly disrupt life in the U.S.

It’s becoming plain that all Congress will do before the Nov. 3 election is pass legislation to avert a government shutdown. The outcome of the election promises to have an outsize impact on what might be possible in a postelection lame-duck session, with Democrats sure to press for a better deal if Democrat Joe Biden unseats President Donald Trump.

Senate Minority Leader Chuck Schumer, D-N.Y., predicted that Thursday’s GOP defeat would prompt Majority Leader Mitch McConnell, R-Ky., back to the negotiating table, as an earlier filibuster in March helped make the $2 trillion rescue bill more generous.

“But (Thursday’s) bill is not going to happen because it is so emaciated, so filled with poison pills, so partisanly designed,” Schumer said.

McConnell crafted the measure to permit his GOP colleagues to go on record in favor of popular provisions such as another round of “paycheck protection” help for smaller businesses, help for schools to reopen and supplemental jobless benefits. He again blasted Democrats on Thursday, saying they are still pushing a liberal wish list and are willing to scuttle provisions with widespread backing to deny Trump a victory.

“Today every senator will either say they want to send families the relief we can agree to or they can send families nothing,” McConnell said.

There’s no indication yet that bipartisan talks that crumbled last month will restart. Top lawmakers and aides offered glum assessments both publicly and privately.

Veteran Iowa Republican Chuck Grassley said it’s “sad” there will be no virus aid deal, though he also said the outlook for the economy may not be as bleak as he once thought.

“If you’d asked me, two or three weeks ago I’d say very, very negative,” Grassley said. But with the job market improving and “the whole world kind of getting out of this pandemic, depression, we’re in” Grassley said, there’s “a lot less of an impact than I would have thought two weeks ago.”

The stalemate is politically risky for all sides heading into the fall election, and both sides accused the other of acting primarily with political calculations in mind. Democrats said GOP senators need to “check a box” and vote on any kind of relief bill before exiting Washington to campaign while Republicans said Democrats were intent on denying Republicans a political win.

“What is of overwhelming importance to Democrats is keeping coronavirus alive as a political issue,” said Sen. John Thune, R-S.D. “They’d rather have no bill, zero funding and a political weapon than have a bill and allow Republicans to say that we helped Americans.”

Senate Minority Leader Sen. Chuck Schumer of N.Y., left, with Sen. Elizabeth Warren, D-Mass., speaks during a news conference, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington.
Senate Minority Leader Sen. Chuck Schumer of N.Y., left, with Sen. Elizabeth Warren, D-Mass., speaks during a news conference, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington.

All that’s left — barring a breakthrough that looks unlikely now — is to pass a government-wide short-term spending measure that would avert a shutdown at month’s end and set up a postelection lame-duck session to deal with any unfinished Capitol Hill legislation, which could include coronavirus relief.

The scaled-back GOP virus plan is roughly one-seventh the size of a whopping Democratic package that passed the house in May and about one-fourth of the $2.2 trillion set by Pelosi last month. Treasury Secretary Steven Mnuchin mentioned a $1.5 trillion figure in testimony last week.

The failed measure would have provide $105 billion to help schools reopen, created a scaled-back $300-per-week supplemental jobless benefit, and devoted $258 billion for a second round of paycheck protection subsidies for smaller businesses. Lesser amounts would have furthered vaccine research and development and funded the Postal Service, farmers, and child care.

It did not contain a new round of $1,200 direct payments to Americans, and the new $300 weekly jobless benefit would expire just after Christmas, on Dec. 27. The GOP bill also lacked money for election costs that lawmakers from both parties have supported to accommodate a huge influx of mail-in ballots.

Official estimates of the measure’s cost were unavailable, but a GOP legislative aide said the cost is about $650 billion, with about half of the price tag offset by repurposing prior COVID funds.