The Damage Report
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Republicans Go FULL PANIC After Businesses Plunge In Trump Tariff Consequences
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December 6, 2025
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8:03Now PlayingRepublicans go full panic with new legislation as small businesses nosedive over Donald Trump's tariff plans with bankruptcies hitting a record high in rising debt. Sharon Reed and Yasmin Kahn break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
MomandPop Business Bankruptcies Hit a Record as Debts Rise
"A six-year-old federal program designed to help the smallest American businesses cut debt and get a fresh start has set a record for the number of cases filed, court data show.
More than 2,200 people and small firms filed bankruptcy this year under the so-called Subchapter V rules, which make it cheaper and faster to win relief from creditors, according to data provider Epiq Bankruptcy Analytics."
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