Update: South Carolina Unemployment Fund Could Go Broke Without Deal By End of the Day (Dec. 31)

From today’s The State:

The fund that pays out unemployment benefits to thousands of South Carolinians is set to run dry by the end of the day without federal assistance.

Gov. Mark Sanford and state officials have until the end of the day Wednesday to reach an agreement that would allow South Carolina to access a $146 million federal loan to pay benefits through March.

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About Christian Stegmaier
Senior Shareholder

Christian Stegmaier is a shareholder and chair of the Retail & Hospitality Practice Group at Collins & Lacy in Columbia. He is also active in the firm’s professional liability and appellate practices. Stegmaier welcomes your questions at (803) 255-0454 or cstegmaier@collinsandlacy.com.