FRANKFORT, Ky. (AP) — Democratic Gov. Steve Beshear is still working on a way to make a $28 million interest payment due in just over a month on a $900 million federal loan that has kept Kentucky's unemployment insurance program afloat.
Beshear, who is seeking re-election, said Monday he will announce his plan soon so that Kentucky businesses can avoid feared financial penalties.
Republican Senate President David Williams, who is running against Beshear, called on the governor Monday to fix the problem or call the legislature into session to handle it.
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Beshear said he would call lawmakers back to Frankfort only if no other options are available.
Williams said the governor needs to act quickly because, if the loan payment isn't made, businesses could have to pay more than $400 per employee.
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