Thursday, September 13, 2012

Another House committee jumps into Delphi pensions fight, demands documents from Geithner

The House Education and Workforce Committee is renewing its previous demands for President Barack Obama’s administration to turn over documents related to the scandal surrounding the termination of 20,000 Delphi nonunion retirees’ pensions during the 2009 auto industry bailout.
“It’s past time for the Obama administration to stop hiding the facts and start cooperating with congressional oversight,” committee chairman Rep. John Kline said in a Wednesday news release. “For more than three years, Delphi’s non-union workers have been demanding answers about decisions made in secret that weakened their retirement security. They deserve to know who in the administration helped pick winners and losers and why.”
According to a letter Kline and Tennessee Republican Rep. Phil Roe — the chairman of the committee’s subcommittee on Health, Employment, Labor and Pensions — sent Wednesday to Treasury Secretary Timothy Geithner and Pension Benefit Guaranty Corporation (PBGC) director Josh Gotbaum, the administration ignored a document request in late 2009 and early 2010 relating to the pensions and Delphi’s bankruptcy.
The subcommittee held a hearing on Dec. 2, 2009, the letter said, examining “how workers and retirees will be negatively affected by Delphi’s bankruptcy and the federal government’s restructuring of GM.”
“Immediately following the December 2009 hearing, committee members wrote to Secretary Geithner requesting the immediate release of all documents and correspondence relating to the federal government’s involvement in the restructuring of GM and Delphi’s pension plans,” Kline and Roe wrote. “The Treasury Department responded on April 21, 2010, with a letter assuring members it would provide documents and correspondence consistent with its obligations under applicable law, as soon as possible.”
“Despite this assurance, no documents or communications have been provided by the Treasury Department.”
The letter and the committee’s press release cite two recent stories in The Daily Caller that illuminated the recent history with internal Obama administration documents and communications.

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