Fund Debt Fans Fears of Spike in Taxes

BY JACOB GERSHMAN new York’s unemployment-insurance system is borrowing money from the federal government at an explosive pace—sinking $1 billion deeper into debt since the beginning of the year—and that has businesses bracing for a sharp increase in taxes. as new York continues to shed private-sector jobs, the fund that pays unemployment claims is now … Continue reading Fund Debt Fans Fears of Spike in Taxes