Obama seeks to suspend unemployment interest again

WASHINGTON (Reuters) - President Barack Obama once again suggested suspending the interest charged on loans to U.S. states for covering jobless benefits as part of the tax and deficit plan he unveiled on Monday.

The move would extend a break the states received from the 2009 federal stimulus plan.

In his proposal, Obama called for "relieving states of interest payments on federal borrowing that are typically paid through an automatic surtax on employers" and for "suspending automatic increases in federal (unemployment insurance) taxes on employers in indebted states."

Read FulL News

Resources for YOU:

• Personal Loans For Bad Credit
• Bad Credit Cards