Calif borrows $40M a day to pay unemployment

E

EmptyTimCup

Guest
:faint:







Calif borrows $40M a day to pay unemployment


(11-07) 10:05 PST Los Angeles, CA (AP) --

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.

The Los Angeles Times reports that the state owes $8.6 billion already, and will have to come up with a $362-million payment to Washington by the end of next September.
 
Top