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Budget Overrun

All articles tagged with #budget overrun

Fed watchdog exonerates Powell in renovation probe, but Trump demands resignation

The Federal Reserve’s Office of Inspector General released a report clearing former Chair Jerome Powell of criminal or administrative misconduct regarding the headquarters renovation. While the investigation found no evidence of federal law violations, it criticized Fed management for failing to control costs, which ballooned to $2.5 billion. President Trump rejected the findings, demanding Powell’s immediate resignation and threatening legal action, while new Chair Kevin Warsh accepted recommendations for an independent audit.

via Axios|

#budget-overrun #federal-reserve #inspector-general

politics5 months ago•3 min saved

CBO flags $1.2 trillion price tag for Trump's Golden Dome and questions its effectiveness

The Congressional Budget Office estimates Trump's Golden Dome missile-defense program would cost about $1.2 trillion over 20 years, far higher than the initial $175 billion, and warns it may be vulnerable to a full-scale attack by Russia or China, raising doubts about whether the system can be effectively deployed, even as SpaceX and Lockheed Martin win contracts for space-based interceptor prototypes.

via BBC|

#budget-overrun #cbo #golden-dome

space3 years ago•2 min saved

NASA's Artemis Program Goes Over Budget by Billions.

NASA's Artemis Moon program is $6 billion over budget and six years behind schedule, with the Space Launch System (SLS) rocket being a major contributor to the overrun. The program is on track to reach a $93 billion price tag, with $23.8 billion already spent on the SLS. The report blames the added complexity of integrating old technology into the new for the costly delays to the SLS development. The Inspector General warns that the program's scheduled missions are in great jeopardy so long as NASA continues its spending trend.

via Giant Freakin Robot|

#artemis-moon-program #budget-overrun #nasa