Board of Regents dropping Iowa Public Radio funding
Cedar Rapids Gazette: After creating Iowa Public Radio in 2004, Iowa’s Board of Regents — facing its own unprecedented financial hurt from COVID-19 — is cutting its operating support, amounting to 10% of IPR’s budget. In a message to supporters last week, IPR Executive Director Myrna Johnson broke the news the board will “eliminate operating support for Iowa Public Radio,” leaving her entity with a nearly $875,000 hole.

J.C. Penney files for bankruptcy
CNN Business: J.C. Penney filed for bankruptcy on Friday, the latest retail giant to see its downfall hastened by the coronavirus crisis. The pandemic was the final blow to a 118-year-old company struggling to overcome a decade of bad decisions, executive instability and damaging market trends. The company said it has an agreement with most of its lenders on the turnaround plan that will allow it to stay in business as a more financially healthy company, but will include closing an as yet unannounced number of its 846 stores.

Immigration agency asks for emergency funds, will raise fees
Associated Press: The U.S. government agency that processes citizenship applications and work visas is running out of money because of the COVID-19 pandemic and says it needs to raise its fees and receive emergency funding from Congress to stay afloat. U.S. Citizenship and Immigration Services is typically funded through the fees it charges people seeking to live or work in the country. But the agency said Sunday that it has seen a dramatic decrease in applications as a result of the pandemic.

– Wall Street surges on hopes for stimulus, coronavirus vaccine (Reuters)