23 October 2025

The Atlanta Fed estimates delays faced by claimants in COBOL-based unemployment insurance systems cut US GDP by at least $40B between March 13 and year-end 2020 (Bryce Elder/Financial Times)

Bryce Elder / Financial Times:
The Atlanta Fed estimates delays faced by claimants in COBOL-based unemployment insurance systems cut US GDP by at least $40B between March 13 and year-end 2020  —  A lot of critical financial and government infrastructure runs on Cobol.  The more-than-60-year-old mainframe coding language …

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