Unclaimed Money May be Used to Fix Budget Deficits

In April 2010, monthly budget deficit of U.S

In April 2010, monthly budget deficit of U.S. has reached an alarming $82.69 billion. Earlier, National Conference of State Legislatures, have expressed concern that the state budget deficits are expected to exceed $55.5 billion for the fiscal year beginning on July 1. Their estimate has already surpassed and they are looking at unclaimed cash as a rich source of cash to fill this deficit. It will not be a surprise if states undertake legal amends to grab the unclaimed property.

Unclaimed Money May be Used to Fix Budget Deficits

By: Nicole Anderson

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