California in a jam after borrowing billions to pay unemployment benefits

California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits. California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions…

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California overpaid as much as $55B in unemployment claims. Will it ever get the money back?

Individuals are responsible for paying back the federal government for overpayments, and California considers those potential debts a liability.” Individuals are responsible for paying back the federal government for overpayments, and California considers those potential debts a liability.” See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news. The choice…

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