South Carolina Unemployment Fund Near Insolvency
December 31, 2008 10:09 AM ET | Liz Wolgemuth | Permanent Link | Print
South Carolina's unemployment benefits fund is expected to be empty by the end of today if Gov. Mark Sanford does not request a federal loan that would keep benefit payments running through March. The governor is expected to announce his decision at a press conference this afternoon.
Sanford has resisted requesting the $146 million loan until the unemployment agency agrees to meet his requests for a state audit and increased data reporting on the state's unemployed.
The state's 77,000 unemployed are no doubt keeping a white-knuckled grip on their TV remotes, awaiting the governor's decision. South Carolina Republican state legislators are reportedly rather unhappy with Sanford. One lawmaker called it a "heartless and cruel act."
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http://www.usnews.com/blogs/the-inside-job/2008/12/31/south-carolina-unemployment-fund-near-insolvency.htmlSeriously though ...Wishing you all the best in 2009.