FCIC Delays Probe Report Amid Republican Opposition
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Democrats on the Financial Crisis Inquiry Commission, the panel assigned to probe the worst U.S. economic collapse since the Great Depression, voted to delay the group’s final report on its findings amid Republican opposition.
The report will be available in January, rather than Dec. 15 as previously scheduled, FCIC Chairman Phil Angelides wrote in letters sent yesterday to President Barack Obama and members of Congress. The panel will conclude its operations on Feb. 13 as required by law, Angelides wrote.