WASHINGTON (AP) — States that borrowed billions from the federal government to keep unemployment benefits flowing through the recession now have to start paying those loans back, and they're hitting businesses with new assessments and higher taxes to make that happen.
In all, 27 states owe the federal government nearly $38 billion. The first interest payments on those loans were due Friday and totaled about $1.1 billion.
Most states charged employers a one-time assessment to cover the charge. But those charges are only part of the story.
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