States That Borrowed From The Feds To Cover Unemployment Owe Interest – InsuranceNewsNet

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September 7, 2021 INN Weekly Newsletter INN Insider Only No comments
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States That Borrowed From The Feds To Cover Unemployment Owe Interest

WASHINGTON — Ten states that struggled to pay the mounting costs of rising unemployment compensation claims during the COVID-19 pandemic will face yet another challenge starting Monday: interest accruing on federal loans they relied on to cover payments to the unemployed. Collectively, those states — which include Colorado, Minnesota, New Jersey and Pennsylvania — owe the…

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