Report: Gov’t Overpaid $14B in Unemployment Benefits

You read that correctly: the feds and state governments overpaid approximately $14 billion in unemployment benefits last year, according to the U.S. Labor Department and CNN Money.

“Now, the U.S. Department of Labor and the states are in the midst of a massive effort to try to recoup some of their lost funds and avoid future overpayments,” writes Annalyn Censky for CNN Money.

So, um, where did all that cash go and how do the feds and state governments plan on getting it back? Let’s start with the first question.

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