California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay
Tuesday, April 23rd 2024, 12:45:03 pm
article
(The Center Square) - California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down. While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who
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