California First To Be Approved For Up To $10 Billion Bailout From Feds To Pay Unemployment Benefits


(From Zerohedge)

As the journal concludes, California serves as an early sign of the potential magnitude of the federal assistance that could be required if states are to continue paying out jobless benefits. It is one of more than 20 states and jurisdictions that entered the current economic crisis without enough money in their unemployment trust funds to pay benefits through a yearlong recession, according to Labor Department data.

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