North Carolina debt to federal government

Bytemarks/Flickr

A North Carolina legislative committee approved a plan Tuesday to cut unemployment benefits and raise taxes on some businesses. Republicans behind the plan say those are necessary steps to pay back more than $2.5 billion the state owes the federal government.


Bytemarks/Flickr

Republican state legislators unveiled a plan Wednesday to reduce unemployment benefits and raise taxes on some businesses. They say those are necessary steps to pay back the nearly $2.5 billion the state owes the federal government for help paying unemployment insurance.