| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Obama will give up portion of his salary
Washington (CNN) – President Barack Obama will put 5% of his paycheck back into the federal government’s coffers in a show of unity with furloughed federal workers, a senior administration official said Wednesday.
Obama, whose $400,000 annual salary is set in law and can’t officially be changed, will write a check made out to the U.S. treasury every month beginning in April. Since the mandatory across-the-board spending cuts went into effect March 1, his payment for last month will be paid retroactively.
“The president has decided that to share in the sacrifice being made by public servants across the federal government that are affected by the sequester, he will contribute a portion of his salary back to the Treasury,” the official said.
On Tuesday, Defense Secretary Chuck Hagel announced he was giving up the portion of his salary that would have been cut if he had been subject to the same work furlough as thousands of department personnel under the mandatory federal budget cuts. Hagel, who earns $199,700 annually, will write a check to the Treasury for up to 14 days of salary, according to Pentagon press secretary George Little.
More: http://politicalticker.blogs.cnn.com/201…?hpt=hp_t2
2013-04-03 15:34:22
Source: http://yeoldefalseflag.com/thread-obama-will-give-up-portion-of-his-salary
Source:
