Economy

November 9, 2010 6:44 AM

California's unemployment fund has deficit of $10.3 billion

California businesses already pay some of the highest unemployment taxes in the country – and the tab is likely to increase. The recession and the Legislature's decision years ago to raise benefits have drained the state unemployment insurance fund, which now has a estimated $10.3 billion deficit.

Related content

Comments

Videos

More Videos

Mom arrested for allowing son to drive golf cart at Bald Head 01:05

Mom arrested for allowing son to drive golf cart at Bald Head

Florida 6th Grader Wins National Geographic Bee 00:39

Florida 6th Grader Wins National Geographic Bee

Fast, long-term relief from opioid dependence? 00:41

Fast, long-term relief from opioid dependence?

Offshore corporations - The secret shell game 02:24

Offshore corporations - The secret shell game

A look back at Obama’s visit to Vietnam 01:58

A look back at Obama’s visit to Vietnam

President Obama lands in Vietnam 00:52

President Obama lands in Vietnam

Share Video

Editor's Choice Videos