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California's Debt Continues to Grow

After borrowing billions from the federal government to pay for unemployment during the pandemic, the state’s debt now stands at about $21 billion and growing. The state also currently accounts for about 20 percent of the nation’s unemployment. ....

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State faces mounting pressure to shore up unstable jobless aid fund

State faces mounting pressure to shore up unstable jobless aid fund
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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. ....

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