Just in case you didn't have enough good news today, here's the latest from Wells Fargo:
Persistent unemployment has left 30 states’ insurance programs insolvent and owing the federal government $41 billion in loan repayments. For loans that have been outstanding longer than one year, interest payments are due by Sept. 30—a total of $833.7 million across all the states. The recent May unemployment report offers little solace for the 27 states where nonfarm payroll employment fell. Moreover, states for which unemployment trust funds are in the red may not be able to continue borrowing from Treasury to pay benefits until the national debt ceiling is resolved.
Summer of RECOVERY? Really????
No comments:
Post a Comment