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2025-07-26 Government Corruption

Feds Want $2.5 Billion For Lavish Marble Palace As Americans Can't Afford Homes

[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 2025-07-26 00:19|| E-Mail|| Front Page|| ||Comments [108 views ] Top

#1 Tell them to go to works for the bankers if they want Versailles.

Posted by Procopius2k 2025-07-26 06:59|| 2025-07-26 06:59|| Front Page || Comments Top

#2 Their lack of concern over the image given speaks volumes.

Posted by Besoeker 2025-07-26 07:55|| 2025-07-26 07:55|| Front Page || Comments Top

#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|| 2025-07-26 08:21|| Front Page || Comments Top

#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|| 2025-07-26 11:55|| Front Page || Comments Top

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