Daniels signs intended jobless fund fix

INDIANAPOLIS (AP) - Gov. Mitch Daniels has signed legislation designed to fix Indiana's bankrupt unemployment insurance fund.

The bill approved by the General Assembly in April will increase unemployment taxes on employers but would not cut benefit payments.

Proponents say it also will close loopholes in the system and make other changes to save money.

Daniels said earlier that the bill had flaws, including the fact that it would not reduce benefits. He said raising employer taxes and reducing benefits would have been a balanced approach.

But Daniels said the bill did make some progress in a fund that has been paying out hundreds of millions of dollars more in benefits than it has been collecting in employer taxes.