Article

2020-05-05 Economy

California becomes first state to borrow federal money to pay unemployment claims

[FoxNews] California has become the first state in the nation to borrow money from the federal government to help it pay out the soaring number of unemployment claims tied to the coronavirus pandemic.

The country’s most populous state borrowed $348 million after receiving approval to use up to $10 billion in federal funds until the end of July, a Treasury Department spokesman told the Wall Street Journal on Monday.

Along with California, Illinois and Connecticut have also been approved to tap into federal funds to aid with the unemployment claims -- $12.6 billion and $1.1 billion, respectively – but neither state has yet to borrow the money as of the end of April.
Does this include the $125 Million Governor Dickhead wants to give to illegal aliens?

Posted by Skidmark 2020-05-05 00:00|| || Front Page|| [11 views ] Top

#1 So actually, despite yesterday's scare story, unemployed are not starving and may even have money to pay their rent?

Posted by g(r)omgoru 2020-05-05 03:11|| 2020-05-05 03:11|| Front Page Top

#2 The landlords will still probably kick the protesters out.

Posted by Skidmark 2020-05-05 10:14|| 2020-05-05 10:14|| Front Page Top

#3 ^Except the comely young women who'd be sold to brothels.

Posted by g(r)omgoru 2020-05-05 10:29|| 2020-05-05 10:29|| Front Page Top

#4 it's not "borrowing" if you don't pay it back.

Posted by Chris 2020-05-05 11:04|| 2020-05-05 11:04|| Front Page Top

#5 Is this why Illinois can afford to stay closed?

Posted by Klem Kadiddlehopper 2020-05-05 12:49|| 2020-05-05 12:49|| Front Page Top

#6 The country’s most populous state borrowed $348 million after receiving approval to use up to $10 billion in federal funds until the end of July, a Treasury Department spokesman told the Wall Street Journal on Monday.

Who approved this?

Posted by charger 2020-05-05 15:23|| 2020-05-05 15:23|| Front Page Top

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