Geee Posted July 3, 2014 Share Posted July 3, 2014 The Hill: Republican lawmakers blasted renovation plans for the Consumer Financial Protection Bureau’s headquarters after an inspector general report said costs could top $215 million. Federal Reserve inspector general Mark Bialek wrote that a "sound business case" cannot be made for renovating the building the agency rents at 1700 G St. NW, near the White House. When first announced four years ago, the renovation project had a $55 million pricetag. By 2012, the CFPB revised the projected cost to $95 million and again last year raised the estimate to $150.8 million. The CFPB's renovations, which include a four-story glass staircase, two-story waterfall and a sunken garden, have angered House Republicans who say the agency is being wasteful with taxpayers' money. “When they passed the Dodd-Frank Act, Democrats in Congress and the White House made the CFPB unaccountable to taxpayers and to Congress," House Financial Services Committee Chairman Jeb Hensarling (R-Texas) said in a statement. "We’re seeing the results of this dangerous unaccountability today in a Washington bureaucracy that is running amok, spending as much as it wants on whatever it wants,” he continued. “It’s outrageous.” Link to comment Share on other sites More sharing options...
Geee Posted July 3, 2014 Author Share Posted July 3, 2014 3 World-Famous Landmarks That Cost Less Per Square Foot Than This Government Building http://dailysignal.com/2014/07/03/3-world-famous-landmarks-cost-less-per-square-foot-government-building/ Link to comment Share on other sites More sharing options...
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