Bury journalist covers hotel going bust? (2,3,3)
I believe the answer is:
in the red
'going bust?' is the definition.
The definition suggests an adjective which matches the answer.
'bury journalist covers hotel' is the wordplay.
'bury' becomes 'inter' (to inter is to put into the ground).
'journalist' becomes 'ed' (short for editor).
'covers' is an insertion indicator.
'hotel' becomes 'h' (phonetic alphabet: alpha, bravo, charlie etc.).
'inter'+'ed'='intered'
'intered' placed around 'h' is 'IN THE RED'.
Can you help me to learn more?
(Other definitions for in the red that I've seen before include "have no credit" , "Indebted" , "Broke" , "Owing money, bank account overdrawn" , "needing cash injection" .)