COLUMBIA — South Carolina Treasurer Curtis Loftis is set to defend himself on the Senate floor today against claims he misled lawmakers about his role in a multi-billion dollar accounting error that landed the state's finances under federal investigation.

The South Carolina Senate voted 33-8 to remove State Treasurer Curtis Loftis on Monday. So, what happens next? Loftis can only be removed if the state house reaches a two-thirds majority vote in favor of Loftis’ removal.

A $1.8 billion accounting error has dogged State Treasurer Curtis Loftis. The state Senate meets to discuss his possible removal from office.