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Obama to Seek Debt Relief for State Jobless Programs

President Barack Obama will seek aid for state unemployment-insurance programs burdened by debt because of high jobless rates, White House Budget Director Jack Lew said.

As part of the 2012 fiscal budget, Obama will seek a delay of state tax increases and a suspension of interest payments owed to the federal government, along with a future increase to the minimum income level subject to unemployment insurance taxes, Lew said.