drowning/awash in red ink

phrase

chiefly US

: deeply in debt

Examples of drowning/awash in red ink in a Sentence

Recent Examples on the Web

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

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 plant, supplier of electricity to about 700,000 Minnesotans, is awash in red ink. — Mike Hughlett, Star Tribune, 5 Dec. 2020

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

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