South Carolina Unemployment Fund Near Insolvency

A standoff between the state's governor and unemployment agency is reaching crisis mode.


South Carolina's unemployment benefits fund is expected to be empty by the end of today if Gov. Mark Sanford does not request a federal loan that would keep benefit payments running through March. The governor is expected to announce his decision at a press conference this afternoon.

Sanford has resisted requesting the $146 million loan until the unemployment agency agrees to meet his requests for a state audit and increased data reporting on the state's unemployed.

The state's 77,000 unemployed are no doubt keeping a white-knuckled grip on their TV remotes, awaiting the governor's decision. South Carolina Republican state legislators are reportedly rather unhappy with Sanford. One lawmaker called it a "heartless and cruel act."

Sanford was among those considered potential runnning mates for John McCain. Here, U.S. News drew up a list of  10 Things You Don't Know About Mark Sanford.

No. 11: Well, I guess we'll find out this afternoon.


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