South Carolina House punts on vote to remove state treasurer

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South Carolina House punts on vote to remove state treasurer

South Carolina Treasurer Curtis Loftis is not being removed from his office, for now, despite uproar after a $1.8 billion accounting error.In January, an independent audit found that $1.6 billion of the $1.8 billion believed to have existed was the “result of incorrect journal entries,” while the remaining $200 million was “already included in the reported bank balances” of the state treasurer’s office. Shortly after the findings, State Auditor George Kennedy resigned, and lawmakers have called for Loftis to do the same.The state Senate passed a resolution, 33-8, to remove Loftis from office last month, but the resolution would need the state House’s ..