State Unemployment Funds

States struggle with unemployment funds still in the red, By Jake Grovum, October 8, 2012, Stateline: “More than $26 billion in lingering debt and billions in mounting interest have forced a number of states to scale back unemployment benefits, raise taxes, tap general funds and even turn to the private bond market as they look to shore up unemployment insurance trust funds that plunged into the red during the Great Recession. And now, years removed from the depth of the crisis, there’s concern that some of funds are being refilled so slowly – if at all – that certain states could be in an even worse position when the next downturn comes, compounding a problem that’s plagued them for years…”