Saturday, November 02, 2002

Mebbe Harvey's gonna go..


Support for U.S. Securities and Exchange Commission (news - web sites) Chairman Harvey Pitt is waning as the White House considers a call for his resignation amid political furor over his agency's accounting oversight, The Washington Post reported on Saturday.

The White House is considering asking Pitt to resign or may wait and allow him to step down after the Nov. 5 congressional elections, the paper reported, citing Republican sources.

The report cited rising White House dismay over controversy stirred up by Pitt's appointment of former FBI chief William Webster and other members of the new Public Company Accounting Oversight Board.

...
President Bush could strip Pitt of his chairman's title, but cannot force him to leave the agency, the paper reported.