Alexandra Harris Liz Capo Mccormick

Alexandra Harris Liz Capo Mccormick

July 27, 2022 | Daily Business Review

Corporate America Embraces Short-Term IOUs as Free Money Ends

The total amount of these IOUs outstanding has mushroomed to nearly $1.2 trillion this year, up more than 20% from its lows in 2020, with computing giant Apple Inc. and pipeline-owner Kinder Morgan Inc. among those that have been dipping more into the market.

By Alexandra Harris, Liz Capo McCormick and Jack Pitcher

6 minute read