Fed watchdog finds ‘deficiencies’ but no criminal wrongdoing in $2.5bn renovation

Accessibility helpSkip to navigationSkip to main contentSkip to footer > Fed watchdog finds ‘deficiencies’ in $2.5bn headquarters renovation project Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price. Complete digital access with exclusive insights and industry deep dives on any device.

Cancel anytime during your trial. Save now on our curated print edition delivered Monday - Saturday* plus our digitised print replica. Savings based on annual price.

Check whether you already have free access via your university or organisation. *Hand delivery availability confirmed when you enter your address. Digital access for organisations. Includes exclusive features and content.

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2026. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.