May 11, 2025
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Tag: California unemployment deficit

Gavin Newsom

California Becomes First State to Borrow from Federal Government to Pay Unemployment Benefits

May 4, 2020   4:48 pm
On Monday, California became the first state to borrow money from the federal government to make unemployment benefits in the coming months. According to the Department of the Treasury and the Wall Street Journal, California borrowed $348 million to make...
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