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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. The Republican-dominated Senate on Wednesday decided to hold a hearing to decide if Republican state Treasurer Curtis Loftis should be removed from office over a $1.8 billion accounting error and then failing … Read more

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