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Feds Hit States With Interest on Unemployment Loans

Tax-free provision ended with first stimulus

By Nick McMaster,  Newser Staff

Posted Jan 15, 2011 5:52 AM CST

(Newser) – With most states already swinging in the recessionary winds, more bad news—many will have to start paying interest on the money they borrow to pay unemployment benefits. When jobless levels hit the unthinkable, with some states seeing 14%-15%, many had to go cap in...   Read full story »

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