Tuesday, March 17, 2009

California Legislature shoots down extra unemployment funds from the federal stimulus

According to the LA Times the California legislature has rejected a bill to accept $2.5 Billion of Obama federal stimulus money that would extend unemployment insurance benefits jobless Californians.

California has an unemployment rate that surpasses 10%, and the bill would have provided an additional 20 weeks of unemployment insurance payouts to the jobless---Helping an estimated 260,000 Californians.

(Don't feel too bad, according to the article people already get 59 weeks of unemployment compensation in the state.

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