Obama will give up portion of his salary

Obama will give up portion of his salary
MGN Online

POSTED: Wednesday, April 3, 2013 - 3:30pm

UPDATED: Wednesday, April 3, 2013 - 3:34pm

President Barack Obama will put 5 percent of his paycheck back into the federal government's coffers in a show of camaraderie 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.

That amounts to roughly $1,700 per month that Obama will return back to the U.S. government.

"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. 

Comments News Comments

Post new Comment