Virginia’s Unemployment Trust Fund To Soon Run Dry

Sometime next week, unemployment benefits for out of work Virginians will run dry, according to the Virginian Employment Commission. However, the commission is expected to apply for a federal loan by the end of this week to finance the fund. A spokesperson for the agency says out of work Virginians shouldn’t notice any delay or impact to their payments. The commission has predicted its trust fund would soon run out of money. Some states have used existing federal CARES Act funding to replenish their trust funds, but that decision will have to be decided by Governor Northam.