States that borrowed from feds to cover unemployment comp checks are about to owe interest
By: Laura Olson - September 6, 2021
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 […]