SC must borrow $169 million for jobless payments

By: Associated Press Email
By: Associated Press Email

January 22, 2009

COLUMBIA, S.C. -- The South Carolina Employment Security Commission says it's run out of money again to pay unemployment

Executive Director Ted Halley said Thursday the commission is going to have to borrow more money from the federal government because it would have run out of money by Monday to pay claims.

The agency is borrowing an extra $15 million for checks this month, an extra $52 million to make February payments and $92 million to cover March.

Gov. Mark Sanford has to approve the loan changes.

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