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Government Corruption
Feds Want $2.5 Billion For Lavish Marble Palace As Americans Can't Afford Homes
2025-07-26
[Daily Caller] The Federal Reserve’s website boasts a freshly updated page explaining ongoing renovations to two buildings, in the interest of transparency.

The page neglects to mention the cost of the renovations.

The project’s price tag stands at a staggering $2.5 billion dollars, according to Director of the Office of Management and Budget (OMB) Russell Vought. That’s up from a modest $1.9 billion proposal at the outset, according to Senate Banking Committee Chairman Tim Scott of South Carolina.

Chairman Jerome Powell has grossly mismanaged the Fed.

While continuing to run a deficit since FY23 (the first time in the Fed’s history), the Fed is way over budget on the renovation of its headquarters.

Now up to $2.5 billion, roughly $700 million over its initial cost.... pic.twitter.com/lHK4cWlAvf
Posted by:Besoeker

#5  $20M/yr in air b&B would probably keep them in business just fine
Posted by: Lord Garth   2025-07-26 21:59  

#4  Generally, reconstructions while in use are expensive. Cheaper to tear it down and build new a one. But then, where would the workers go?

Oh, waitaminute...
Posted by: Bobby   2025-07-26 11:55  

#3  That’s a renovation not built from scratch. It’s comparable to a domed stadium. We should have refused to fund it and hope they would have moved to Canada or Mexico to spite us.
Posted by: Super Hose   2025-07-26 08:21  

#2  Their lack of concern over the image given speaks volumes.
Posted by: Besoeker   2025-07-26 07:55  

#1  Tell them to go to works for the bankers if they want Versailles.
Posted by: Procopius2k   2025-07-26 06:59  

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