EDD Admits $55 Billion Lost in Pandemic… $55 Billion!

By News on the Net -- CALIFORNIA GLOBE —— Bio and Archives April 13, 2024

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The California Employment Development Department admits that $55 billion was lost in the pandemic.

$55 Billion.

That’s what the hapless state unemployment agency – the not at all ironically named Employment Development Department – now admits was its “overpayment” amount during the pandemic response.

Zero. Maybe

That’s what the EDD is hoping, due to a recent ruling, to have to pay back. ---More...