Advertisement
U.S. markets closed
  • S&P Futures

    5,304.25
    -4.00 (-0.08%)
     
  • Dow Futures

    40,140.00
    -36.00 (-0.09%)
     
  • Nasdaq Futures

    18,465.00
    -38.75 (-0.21%)
     
  • Russell 2000 Futures

    2,145.20
    +6.80 (+0.32%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0789
    -0.0005 (-0.04%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Vix

    13.01
    +0.23 (+1.80%)
     
  • GBP/USD

    1.2624
    +0.0002 (+0.01%)
     
  • USD/JPY

    151.4730
    +0.1010 (+0.07%)
     
  • Bitcoin USD

    70,717.55
    +834.94 (+1.19%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,350.26
    +182.19 (+0.45%)
     

Vt. gov marks repayment of unemployment loan

Vt. gov marks repayment of federal loan of extended unemployment benefits

MONTPELIER, Vt. (AP) -- Vermont Gov. Peter Shumlin says the state is paying off the final $54 million of a federal loan that helped the state pay unemployment benefits during the Great Recession.

The state used the money to fill the Unemployment Trust Fund to ensure the state had the money to pay displaced workers the money they were entitled to.

Shumlin made the announcement Monday during an event at the Department of Labor office in Montpelier.

He said the state still has work to do to get the fund fully solvent. After the payoff, the state will have about $50 million left in reserve. Shumlin said the fund needs another $110 million to guard against the next recession.

Advertisement