Federal Aid, Jobless | featured news

(Image from article: "NYT: Aid to unemployed is running out")

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Unemployment payouts push California deeper into debt

The state is borrowing $40 million a day from the federal government to provide assistance to jobless workers, but has resisted changing the formulas it uses to determine and fund those benefits.California's fund for paying unemployment insurance is broke.

NYT: Aid to unemployed is running out

In the coming months, as many as 1.5 million jobless Americans will exhaust their unemployment insurance benefits — for some a last bulwark against foreclosure and destitution.

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