States that borrowed from feds to cover unemployment comp checks are about to owe interest

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States that borrowed from feds to cover unemployment comp checks are about to owe interest States that borrowed from feds to cover unemployment comp checks are about to 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 federal […] The post..
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