US EditionA $1.8 billion mistake could cost the South Carolina treasurer his job
- South Carolina lawmakers are attempting to remove State Treasurer Curtis Loftis from office for the first time in over 200 years due to a $1.8 billion accounting error and his failure to report it to the General Assembly.
- A report revealed that South Carolina's financial records have been inaccurate for a decade, and Loftis allegedly hindered investigations into the issue.
- The Senate held a hearing to question Loftis under oath, and the House's position remains unclear, with no strong calls for his ousting among Republicans.
- Loftis claimed that the attempt to remove him is politically motivated, arguing it undermines financial oversight and the right of voters to elect their Treasurer.
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21 Articles
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Editorial: Independent SC auditor could prevent more financial blunders — if he speaks up
It’s still unclear what if anything the Legislature will do about a state treasurer who refuses to acknowledge that he did anything at all wrong during the many years that he and the now-resigned auditor and the now-resigned comptroller general…
·Charleston, United States
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A $1.8 billion accounting error snowballed over 10 years in South Carolina—and could cost the state’s treasurer his job
For the first time in over two centuries as a U.S. state, South Carolina lawmakers are going to try to remove a statewide elected official from office.
·New York, United States
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Associated Press News+16 Reposted by 16 other sources
A $1.8 billion mistake could cost the South Carolina treasurer his job
South Carolina lawmakers are going to try to remove a statewide elected official from office, for the first time in over two centuries as a U.S. state.
·United States
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Coverage Details
Total News Sources21
Leaning Left8Leaning Right2Center8Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Center
L 44%
C 44%
11%
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