Bill Pulte, Director of the Federal Housing Finance Administration, has urged Congress to probe Jerome Powell for deceptive statements regarding luxury features in the 2.5 billion USD upgrade. Lawmakers express anger over his claimed misinformation under oath.
The renovation project’s costs escalated from 1.9 billion USD to 2.5 billion USD, reflecting poor financial management and sparking calls for accountability, particularly amidst the Federal Reserve’s growing financial losses.
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