Florida fund running dry

WEST PALM BEACH, FL -- The state of Florida is burning through money to pay unemployment claims.

There is $534 million in the Unemployment Compensation Trust Fund but the state is paying out $65 million a week.The fund could be dry by August and the state will have to borrow money from the federal government to pay claims.

Nearly a million Floridians are out of work these days. "There will be no lapse in benefits. Everyone will receive their benefits who is entitled to them," says AWI Spokesman Robby Cunningham.Uncle Sam isn't the only one coming to the rescue.

Florida businesses will also be paying higher taxes to help replenish the fund.The Florida Chamber of Commerce supports the tax increase because it puts money into the hands of consumers. Full Story