Wall Street Hedge

Monday, March 1, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

Government Calls a Halt to New FBI Headquarters Searches after Ten Years

By Leave a Comment

fbi headquarters

The federal government will announce the cessation of searches for a new FBI headquarters. This project has been developing for more than ten years. Executives of the Federal Bureau of Investigation wanted to find a new central office to get away from the J. Edgar Hoover Building that is in a dire situation.

The Agency Needed a New FBI Headquarters for Safety and Security Concerns

This decision appears three years since the General Services Administration selected three relocations for the federal agency in the suburbs of Washington DC. Each of these campuses presented the necessary facilities to be turned into the home for FBI’s 11,000 employees.

At the moment, half of FBI staff is scattered across other locations while the others still dwell under the roof of J. Edgar Hoover Building on Pennsylvania Avenue. With each relocated employee, the agency has to cover additional expenses that add up to the financial collateral damages of not being able to get approval for a new FBI headquarters. On top of that, employees find it harder to collaborate on their objectives as efficiently as before under these current circumstances.

The federal agency did not desire relocation for the only purpose of a safe office, but it also aimed at an upgraded security.  The plans showed improvements of facilities to resemble those from the Pentagon or the headquarters of the Central Intelligence Agency. Moreover, the new office would have had a secure perimeter to impair the public from entering the building. At this moment, any tourist can visit the old headquarters who becomes a liability for the agency.

The FBI Agency Lost Its Leader in May

However, the relocation project has already cost a total of $2 billion without having a clear finality. Due to these budget holes, members of the Congress started to oppose this program. Tensions between Trump and FBI might have deepened the hardship of finding a new location. The head of FBI, James B. Comey, was fired in May due to allegations that linked Trump to suspicious Russian projects.

Image source: 1

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: World

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • Coca Cola Wants To Clean The Earth Of Its Plastic Bottle Waste By 2030

  • Greenpeace hopes to create the world's biggest wildlife reservation.

    Greenpeace Sets Out To Carve The Largest Wildlife Sanctuary In The World In Antarctica

  • Shoppers on Wangfujing street, in Beijing, China

    China: Nursery Under Scrutiny for Injecting Kids with Unknown Substances

  • Donald Trump warns North Korea in latest speech

    Donald Trump Calls North Korea “Hell” at South Korea National Assembly

  • white drone flying low

    Tanzania to Use Drones to Deliver Medicine

  • fountain in vatican

    Vatican No Longer Has Fountain Shows as Solidarity to Italy Drought

  • tornado

    Southtowns Got Hit by Two Tornadoes out of the Blue

  • kremlin

    U.S. and Russia Had an Urgency Meeting over Restitution of Diplomatic Compounds

  • khoy landmark

    Researcher with Dual Citizenship Convicted to 10 Years of Prison in Iran

  • livingroom

    Hawaiian Court Ruled Grandparents Are Free from Trump Travel Ban

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.