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WDKX.com » Blog » President Obama To Give Up Portion Of His Salary
Apr 4th 2013 7:31 am
President Obama To Give Up Portion Of His Salary
by News


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 announced today.

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.

As a Cabinet official confirmed by the Senate, Hagel is not subject to the furlough. But Little said Hagel decided to give the equivalent of his furloughed pay to show his support for his workforce.

Deputy Defense Secretary Ash Carter had already announced he was doing the same thing in the weeks before Hagel was confirmed.

Source: eurweb.com