The maximum benefit for the unemployed would drop from $600 to $550 a week under a proposal Gov. Christie announced yesterday. The proposal would allow the state to phase in a tax increase on employers for the unemployment-insurance fund now set to kick in July 1, saving businesses an estimated $700 million in the next fiscal year. (Lu and Tamari, Philadelphia Inquirer)
http://www.philly.com/philly/news/new_jersey/20100226_Christie_proposes_cut_in_unemployment_benefits.htmlA power outage resulted in some technical glitches today. A full Morning News Digest will return on Monday.