US Kennedy Center faces bankruptcy, Washington Post reports

The John F Kennedy Center for the Performing Arts in Washington, DC, is on the brink of bankruptcy and could close as soon as Tuesday, The Washington Post has reported. According to the report in the United States newspaper on Sunday, the institution’s board of trustees, of which President Donald Trump is the chairman, has argued that putting the president’s name on the facade could be the only way to avoid imminent and “certain fiscal collapse”. The trustees also say the institution will not be able to pay employees or meet maintenance costs within a few weeks.