Inquiring minds are reading the Economic Policy Journal for clues on how much states are borrowing to make unemployment insurance claims. The totals are not pretty. As of May 20, the total balance outstanding by 32 states plus the Virgin Islands is $37.8 billion. The CINN Group accounts for $14 billion of it. California $6.9 Billion Illinois $2.2 Billion New York $3.2 Billion New Jersey $1.7 Billion The worst 4 grouping accounts for $17 billion, nearly 45% of the …

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32 States Borrow $37.8 Billion Total to Make Unemployment Payments; CA Tops List at $6.9 Billion; Bill to Extend Benefits Until DEC in Congress