Maryland must borrow $300M to keep unemployment trust afloat 

Posted: 7:21 pm Tue, January 19, 2010
By Nicholas Sohr

ANNAPOLIS — Maryland will need to borrow up to $300 million from the federal government to keep its floundering Unemployment Insurance Trust Fund afloat, state business regulators told a panel of legislators Tuesday. The fund that pays out weekly benefits to unemployed workers has been battered by the economic downturn, which has forced businesses to trim ...