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Russell Vought Asked Directly If He Thinks There's Fraud In Fed Building Renovations
Forbes Breaking News
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4 months ago
Speaking to reporters outside the White House, OMB Director Russell Vought was asked if he thinks there was fraud in the Federal Reserve building renovations.
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00:00
answering those kind of qu
00:01
hard. Yeah. Yeah. Yeah. Do
00:05
any signs of fraud at the
00:08
are there only signs of fr
00:11
we want to go over there.
00:13
on. Obviously the cost ove
00:16
and the extent to which w
00:19
just having the inspector
00:21
review is something that
00:25
be enough. So we want to
00:28
with the those that are i
00:30
project and get a brief f
00:32
where we're at. No, it's
00:38
builder. He has concerns w
00:42
this nature. I mean, it's
00:43
an overrun of a normal bu
00:45
talking about a building
00:47
approaching the largest m
00:50
that's ever been done on
00:53
we want to know why and we
00:55
the answer some clarity as
00:58
with regard to this larges
01:00
and it has implications
01:01
for the country's fiscal
01:02
situation. The fed has been
01:05
mismanaged for a number of
01:06
years. They're no longer
01:09
providing a profit that comes
01:11
back to the treasury in form
01:12
of remittances. And so this
01:15
something that there are
01:17
implications across the board
01:18
and we're going to continue
01:19
to get our handle on it.
01:24
Sorry, what's that? Have you
01:28
been to HUD? Ever? HUD is if
01:32
you had to work at HUD today,
01:34
you would not want to work
01:35
at HUD. Like it's a bad
01:36
building. It falls like portions
01:39
of the building fall on people. It
01:43
needs a new building and we're
01:44
going to do everything we can
01:45
to make sure that career staff
01:47
and the people who work at HUD
01:50
have a building that reflects
01:51
the hard work and public
01:52
service that they're providing.
01:53
Again, we're not we're not.
01:55
This isn't a statement that
01:56
says we're against renovations.
01:59
Renovations need to occur.
02:01
But the notion that moving
02:03
the people out of HUD and it's
02:06
literally depressing when you go
02:07
there and moving them to a
02:09
place where they can have a
02:11
physical presence that they can
02:15
do their job effectively. That's
02:17
not the same thing as the $700
02:19
million cost overrun.
02:20
I'll get her and then you.
02:24
Hi, I just want.
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