Channel 2 Action News has learned the federal government plans to double the unemployment insurance tax on every private employee. The rate increase is intended to offset a $720 million loan that the state of Georgia borrowed to pay.
The country’s largest private student loan lender, Sallie Mae, has changed the $50 penalty it usually charges unemployed borrowers to defer their loans. Instead of going into the lender’s own pockets, the fee will now be applied.
Continue paying regular or extended unemployment benefits Prevent a hike in employer federal unemployment taxes next year to repay the federal loans Pay interest or principal on federal unemployment loans Promote job creation.
Senate Democrats convened the subcommittee hearing entitled “Dreams Deferred: Young Workers and Recent Graduates in the U.S. Economy” to highlight youth unemployment and heavy student loan debt after Sen. Elizabeth Warren’s (D.
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Unemployment benefits run out for approximately 3,000 people each month. and it’s currently illegal to pay back interest on the loans using money taxed from employers. The principal of the loan may be repaid out of business.
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After years of the state being deep in debt to the federal government for a loan covering the unemployment benefits of.
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He said it does not speak about the problems of unemployment and loan waiver for farmers. Kalikesh Narayan Singh Deo of the Biju Janata Dal said, "Like every year, this year too Odisha has been neglected. Nothing has been said.
Lagos — Lagos State government has said that unemployed graduates who are also interested in entrepreneurship can now access soft loans from the state’s microfinance bank. State Governor Babatunde Fashola made this known in.
Five months ahead of schedule, South Carolina’s unemployment agency has paid off a nearly $978 million loan that helped the state cover jobless claims during the Great Recession. The S.C. Department of Employment and Workforce.
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Gov Timothy M. Kaine filed a request Tuesday with the U.S. Department of Labor for a repayable advance of $252 million from the Federal Unemployment Account to meet the obligations of the Virginia Unemployment Compensation.
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Raleigh, N.C. — North Carolina ranks sixth among 25 states that have outstanding loans from the federal government to pay unemployment benefits, according to U.S. Department of Labor statistics. In 2009, the state borrowed more than.
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ATLANTA — State officials will request $70 million in federal loans when to sustain Georgia’s dwindling unemployment insurance trust fund or face being unable to pay benefits to 260,000 unemployed Georgians as soon as next week.
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The State government has proposed to issue loan subsidy for self-employment ventures in manufacturing and service sector for unemployed educated youth under the Micro, Small, and Medium Enterprises Sector. Under the proposal, a.
Jun 15, 2012 · New Jersey is the latest state to incorporate an entrepreneurial training program for its unemployed. The program, called Entrepreneurial University or E.
CHICAGO, IL–(Marketwire – Jan 30, 2013) – A recent TransUnion study has revealed that more than half of student loan.
BLOOMINGTON, Ind. — State officials are planning to use about $250 million from Indiana’s surplus to finish repaying federal loans that were taken out to make unemployment payments as the state’s jobless rate topped 10 percent.
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The Obama Administration began a new policy Monday to give unemployed homeowners with FHA loans a break on part or all of their mortgage payments for up to 12 months. That’s triple the previous four-month extension, said Brian.
South Carolina on Thursday made its final payment early on a federal unemployment loan that at one point reached almost $1 billion, spanned the terms of two governors and spawned sweeping reforms of the way the state.
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INDIANAPOLIS — Gov. Mike Pence says Indiana has paid off a $250 million debt owed on a recession-era federal loan that was used to pay unemployment benefits after the state depleted its own funds. Pence said in a statement.