California to borrow federal money to cover soaring jobless claims [Los Angeles Times (CA)]
Tribune Publishing Co (TPCO)
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Source: Los Angeles Times
Elena Girotto walks past the boarded-up West Elm store on Colorado Boulevard in Pasadena on April 2, 2020. Nonessential businesses have shut down because of ’s stay-at-home order, creating a surge in unemployment claims that is forcing the state to borrow from the federal government.(Al Seib / Los Angeles Times)ByPatrick McGreevyStaff WriterApril 22, 20204:28 PMShare SACRAMENTO — has been approved to borrow what is expected to be billions of dollars from the federal government to pay unemployment benefits to those left jobless by the coronavirus pandemic, raising concerns about the cost of repaying the debt.The state made the request as its reserves for paying“We have protocols in place for difficult moments such as this to ensure critical safety nets remain in place,” Labor Secretary Julie Su said.With more than 2.7 million ns filing new claims forAdvertisement“Without the help of the federal government, we wouldn’t be able to pay benefits unless we
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