South Carolina Treasurer Curtis Loftis Rejects Senate Calls for Removal

South Carolina State Treasurer Curtis Loftis has rejected calls for his removal by the Senate Finance Subcommittee, following a controversial $1.8 billion accounting error linked to his office. Loftis claims the push for his ousting is politically motivated and has welcomed a review by the Inspector General to address these accusations. He emphasizes his commitment to protecting taxpayers and asserts that the real risk to the state's financial reputation comes from what he describes as politically charged attacks against him. The Senate Finance Committee has recommended Loftis's removal based on the accounting error, which is also under investigation by the Securities and Exchange Commission. Despite the controversy, Loftis remains focused on his role as an elected official, stating that he answers to the voters rather than political elites. As the situation develops, he continues to call for transparency and cooperation with ongoing investigations.