In mid November, Indiana ran out of money to pay unemployment benefits to the growing number of people out of work. On November 26, the state began borrowing money to pay those benefits from the federal government.
But as of mid December, Indiana had borrowed over $53 million at an interest rate of 4.8 percent. Fixing the problem is a task that must be solved by the Indiana General Assembly this session.
Indiana Public Broadcasting’s Marianne Holland takes a looks at the problem, and the possibilities the legislature has for fixing it.