Senators: Army's White Slow to Cut Enron Ties

WASHINGTON (Reuters) - Senate Armed Services Committee leaders have accused the Secretary of the Army of being slow to cut financial ties to Enron Corp., where he worked for 11 years before becoming the Bush administration's top official drawn from the failed energy giant's ranks.

The committee's chairman and ranking minority member said in a March 1 letter, released on Wednesday, that White failed to comply fully with an ethics agreement he signed in May as a condition for confirmation to the top Army job.

Houston-based Enron filed the largest-ever U.S. bankruptcy on Dec. 2 amid debt downgrades, lawsuits, layoffs and a stock price meltdown. Thousands of jobs and billion of dollars in shareholder equity were lost.