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Economy

Extreme makeovers: Federal Reserve vs. White House renovations

President Trump has criticized the Federal Reserve's $4 billion renovation project, labeling it excessively expensive compared to its estimated costs. At the same time, Trump is pushing forward with his own renovation of the White House's East Wing, which has also faced scrutiny for its high costs.

Extreme makeovers: Federal Reserve vs. White House renovations

Credit: Nbcnews

Key Highlights

  • Federal Reserve's renovation project costs $4 billion.
  • Trump argues the renovation should have only cost $25 million.
  • The Office of Management and Budget likened the renovation to the 'Palace of Versailles.'.
  • Trump is simultaneously pursuing his own costly East Wing renovation.
  • Both projects are under public scrutiny for their financial implications.
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Sources

  1. Extreme makeovers: Federal Reserve vs. White House renovations

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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