The Arkansas Senate is considering whether the state should issue bonds to repay $330 million received since March 2009 from the federal government for unemployment benefits.

The U.S. Labor Department loaned the money because the state’s unemployment fund was insufficient to pay benefits to an unexpectedly large number of unemployed.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.