US EditionMusk says 'eyebrow raiser' $2.5 billion Fed building expansion should be subject to scrutiny
- Elon Musk criticized the Federal Reserve's $2.5 billion renovation of its Washington, D.C., headquarters that began in 2021 as an 'eyebrow raiser'.
- The project’s cost rose from an initial $1.9 billion due to increases in raw materials, labor costs, construction delays, and design changes.
- The renovation plans include updating building systems, adding rooftop gardens, skylights, water features, and a VIP elevator for board members.
- Musk urged the Department of Government Efficiency to investigate the Fed’s spending, saying, 'Since, at the end of the day, this is all taxpayer money,' scrutiny is needed.
- The project has sparked Capitol Hill criticism, while Fed Chair Jerome Powell defended the budget process and warned audits could threaten Fed independence.
14 Articles
14 Articles
Elon Musk Targets Fed's $2.5 Billion Headquarters Renovation As DOGE Scrutiny Of Central Bank Intensifies: 'That's An Eyebrow-Raiser' - Tesla (NASDAQ:TSLA)
Billionaire Elon Musk called for the Department of Government Efficiency (DOGE) to investigate the Federal Reserve’s $2.5 billion headquarters renovation spending, escalating his scrutiny of the central bank as he prepares to reduce his role in the government efficiency initiative. What Happened: “Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if, indeed, the Federal Reserve is …
Fox Business
The Business TimesDOGE should 'definitely' look at Federal Reserve costs, Elon Musk says
Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the Federal Reserve's expenditures on its headquarters renovation.Musk, who has been the DOGE figurehead since its inception and said last week he will step back from the role to focus more on his CEO duties at Tesla, told reporters at the White House on Wednesday that DOGE should look at the Fed's spending."Since at the end of the day, this…
Elon Musk vows to 'DOGE' Fed's $2.5B 'Palace of Versailles" HQ: 'wasting tax dollars'
Elon Musk has said DOGE "should definitely" investigate after The Post's exposé of the Fed's $2.5 billion revamp of its Washington DC headquarters, which the Tesla titan called an "eyebrow raiser."
Coverage Details
Bias Distribution
- 50% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
