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Taxpayers on hook for $163 billion worth of project overruns, including controversial Fed renovations, Senate report shows

Taxpayers are stuck with a $162.9 billion tab for cost overruns in over a dozen infrastructure projects, controversial renovations at the Federal Reserve, Air Force One upgrades, and other “boondoggles,” a new report suggested.

At least one of the projects is 19 years behind schedule, and five of them have over $13 billion in known federal funding that Congress could rescind, according to Sen. Joni Ernst’s (R-Iowa) office, which penned a 48-page report on government boondoggles.

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