According to data from the US Treasury, California owes the most debt at $18.6 billion and has defaulted on it.
California's recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers, according to experts.
California Governor Gavin Newsom (D)
"The state should have taken care of the loans with the COVID money it received from the government in 2021," said Marc Jof...
