✉news WorldPolitics first seen 2 d ago, last 6 h ago, peak #5
Fed watchdog finds no crimes in $2.4 billion renovation
Original: Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement
A Federal Reserve inspector general has concluded that the roughly $2.4 billion renovation of the Fed's Washington headquarters involved mismanagement but no criminal wrongdoing. The review drew wide attention after the project's cost overruns became a political flashpoint, with critics accusing the central bank of fiscal excess. Outlets across the US are reporting that investigators cleared officials of crimes while faulting poor oversight.
Why now: The renovation's ballooning cost had become a political controversy, so the watchdog's finding of no crime but mismanagement is newsworthy.
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Evidence
- Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement · Scripps News
- Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement · Spectrum News
- Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement · ABC News - Breaking News, Latest News and Videos
- Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement · KTVN
- Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement · spectrumlocalnews.com
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