Latest News for: cost overruns

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Ernst highlights a major problem: Cost overruns are no big thing in Washington

New York Post 01 Aug 2025
The cost overruns her team dug up on mismanaged government projects make the Fed’s renovation overspending look almost modest.
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Trump administration cancels Maglev funding, citing cost overruns and no viable path

Baltimore Sun 01 Aug 2025
“In addition, given the substantial delay and cost overruns associated with the Project, FRA does not see a viable path to continue investment in the Project.” ... similar purpose at a much lower cost.”.
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‘America can afford anything’: Trump says after clash with Fed Chair Powell over cost overruns ...

Live Mint 25 Jul 2025
Donald Trump confronted Jerome Powell at the Federal Reserve, disputing renovation costs which he claimed have risen to $3.1bn. He later emphasized the nation's ability to handle expenses and reiterated his call for interest rate cuts ....
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Biden’s green fleet stalls: USPS electric mail truck initiative plagued by delays and cost overruns

Natural News 25 Jul 2025
The Biden administration's plan to electrify the USPS fleet with 66,000 electric delivery trucks, funded by $3 billion from the 2022 Inflation Red... .
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Dream Hotel faces $80 million cost overruns as developer seeks to cut costs

Desert Sun 19 Jul 2025
The Dream Hotel in Palm Springs will likely be delayed once again as developers confront tens of millions in cost overruns ... "value engineering" would have to be undertaken to attempt to lower costs.
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BHP pushes back potash mine opening after $1.7bn cost overrun

The Times/The Sunday Times 18 Jul 2025
The world’s biggest miner ...
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BHP’s Jansen potash project faces $1.7B cost overrun and delays

Invezz 18 Jul 2025
BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion.
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Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan

CNN 14 Jul 2025
“The Federal Reserve’s Inspector General is considering opening an investigation into the massive cost overruns for their $2.5B+ HQ renovation project,” wrote James Blair, a White House deputy chief of staff, on Monday on X ... .
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How much is too much when it comes to cost overruns on government contracts?

Federal News Radio 11 Jul 2025
Commercial construction contracts often face cost overruns because of weather, unforeseen conditions, and other factors beyond the control of the contractor ... because of the cost overruns, right?.
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New bill takes aim at decades-old law that failed to stop Pentagon cost overruns

Federal News Radio 10 Jul 2025
A bipartisan group of lawmakers wants to rein in cost overruns and strengthen oversight of major defense acquisition programs ... despite clear laws requiring them to report cost overruns to Congress.
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London ‘super sewer’ boss awarded £600,000 pay rise despite £100m cost overrun

The Guardian 07 Jul 2025
... awarded a £600,000 pay rise even as the firm revealed that the total cost had risen by £100m.
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New audit pins half of NASA’s cost overruns on Artemis moon program

Dothan Eagle 04 Jul 2025
NASA’s moon program continues to drive cost overruns, government auditors said in a new report, led by the space agency’s troubled Orion crew module. In a review of 38 current NASA projects that cost $250 million or more, the Government ... .
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Streetcar cost overruns predictable and ridiculous

Omaha World-Herald 29 Jun 2025
So MUD's costs for the streetcar are coming in higher than expected. Well I'm shocked! Does anyone out there think this is the last time we'll hear this from one of the entities involved in this ridiculous project? ... .
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HS2 high-speed rail Delay: Beyond 2033 & £100bn Cost Overruns

Construction Review Online 18 Jun 2025
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Another Caltrain project sees massive cost overrun

The Daily Journal - San Mateo 14 Jun 2025
After cost increases on the Guadalupe River Bridge ...

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