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DeWine: Ohio borrowed $3.1 billion from federal government to help cover unemployment benefits

DeWine mentioned that other states, including California and Texas, have also borrowed money for the same reason during the pandemic.
Credit: AP Photo/Julie Carr Smyth
Ohio Gov. Mike DeWine speaks at a news conference at the statehouse in Columbus, Ohio, Tuesday, March 3, 2020.

Gov. Mike DeWine announced Ohio has borrowed money for the first time during the COVID-19 pandemic to help cover unemployment benefits.

DeWine said the state requested $3.1 billion from the U.S. Department of Labor.

He added the total exceeds what state leaders think we will need to pay out benefits.

"It is essentially a line of credit, so we asked for greater authority than we currently think that we will need so that we have it just in case we need it," he said.

DeWine mentioned that other states, including California and Texas, have also borrowed money for the same reason during the pandemic.