drowning/awash in red ink

idiom

chiefly US
: deeply in debt

Examples of drowning/awash in red ink in a Sentence

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The company filed for bankruptcy protection this week, its financial statements awash in red ink. Lauren Hirsch, BostonGlobe.com, 16 June 2022 This week, Revlon filed for bankruptcy protection, its financial statements awash in red ink. New York Times, 16 June 2022 The plant, supplier of electricity to about 700,000 Minnesotans, is awash in red ink. Mike Hughlett, Star Tribune, 5 Dec. 2020 Some nonprofit hospital systems in metro Detroit have emerged from the worst of the COVID-19 pandemic to face budgets awash in red ink. Jc Reindl, Detroit Free Press, 14 June 2020 Treasury Secretary Janet Yellen on Monday again spun the fiction that states and localities are drowning in red ink. The Editorial Board, WSJ, 14 May 2021 The owners of the $775 million project expect to pay more than $25 million a year in property taxes — no small thing with the city’s budget drowning in red ink. Blair Kamin, chicagotribune.com, 9 Oct. 2020 So far, those initiatives are proving to not be enough to keep the agency from drowning in red ink. Jay Heflin, Washington Examiner, 21 Aug. 2020

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“Drowning/awash in red ink.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/drowning%2Fawash%20in%20red%20ink. Accessed 30 Nov. 2024.

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