(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 […]
The post California unemployment fund 'insolvent' due to $55B fraud, businesses to pay appeared first on The Black Chronicle.
