Sanders looking into delays on cash balance report

Rep. Bernie Sanders, I-Vt., asked Dennis Schindel, acting Treasury inspector general, to provide a full accounting for delays in a report about the involvement of senior Treasury Department officials, IBM employees, and others in doctoring documents pertaining to cash balance plans. Mr. Sanders also asked Mr. Schindel to establish a deadline for the final report. "If it is indeed true that senior Treasury personnel conspired with industry lobbyists to break federal law in order to defeat legislation that would end age discriminatory practices, it is not inconceivable that the administration would want to suppress the report until after the November elections," Mr. Sanders wrote in his letter. At a June 16 hearing of the House Financial Institutions and Consumer Credit Subcommittee, Mr. Schindel confirmed that the draft report on the investigation was ready and that the inspector general's office hoped to present the final report in two months.