Eleanor Holmes Norton tries to save Small Savers
D.C. Del. Eleanor Holmes Norton (D) today asked Treasury Secretary Timothy Geithner to save Small Savers, the day-care center slated for elimination when the newly passed financial reform law takes effect next July.
"I believe it is your responsibility to help locate appropriate space for this valued child care center," Holmes wrote in a letter to Geithner released today.
The Small Savers Child Development Center is a small, parent-run day-care center that has operated for 24 years in the basement of the downtown building occupied by the Office of Thrift Supervision.
The agency, which regulates the country's savings and loans, is set to close when the financial regulation law takes effect. The fine print in the law requires the agency's assets to close, too. Treasury officials said last week that they are still coming up with a plan to move OTS employees to other financial agencies and have made no decisions about the fate of the day-care center.
-- Lisa Rein
| September 14, 2010; 3:08 PM ET
Categories: Administration, Agencies and Departments
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