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Federal Aid To States Topics

Obama to propose relief for states overburdened by debt

Heavily indebted states could get immediate relief from the Obama administration under a plan to temporarily suspend interest payments they owe the federal government for borrowing money to cover the soaring cost of unemployment benefits.

 

Calif. Borrowing $40M A Day To Pay Unemployment

With one in every eight workers unemployed and empty state coffers,
California is borrowing billions of dollars from the federal government
to pay unemployment insurance.

 

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