California's unemployment benefits system 'broken' with $20B owed to feds in loan debt: report

California's unemployment benefits system 'broken' with $20B owed to feds in loan debt: report

California's unemployment insurance system faces a $2 billion annual deficit and a $20 billion federal loan balance, prompting calls for a redesign by the Legislative Analyst's Office. Recommendations include increasing taxable wages and sharing costs between employers and the state to address the financial challenges.

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