16 Hrs
Source:
Fox News
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Fed's Warsh reviews HQ updates
The Federal Reserve's headquarters renovation has experienced significant cost overruns and delays, with expenses rising from $1.317 billion to $2.381 billion and completion pushed from 2024 to 2027. The Federal Reserve has assigned the General Services Administration to manage the project, aiming to improve accountability and cost control. The move follows a report highlighting management mistakes and inflation-related cost increases, but no misconduct was found.
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