Obama 5% of salary (Video)

Obama 5% of salary

Obama 5% of salary

President Obama plans to return 5% of his salary in solidarity with federal workers who are going to be furloughed as part of the automatic budget cuts known as sequester, an administration official said Wednesday.

The voluntary move would be retroactive to March 1, the official said, and will apply through the rest of the fiscal year, which ends in September. The White House came up with the 5 percent figure to approximate the level of spending cuts to non-defense federal agencies that took effect that day.

“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.

On Monday, Carney announced that nearly 500 furlough notices have gone out to administration employees in reaction to the forced government spending cuts known as sequestration.
“The White House is one of eleven components of the Executive Office of the President which is indeed, as we have said, subject to the sequester,” Carney said. “Within the Executive Office of the President, several offices have sent furlough notices to their staff, including to 480 employees of the Office of Management and Budget.”

According to estimates released when the budget cuts went into effect on March 1, OMB must cut $7 million from the $89 million remaining in its annual budget. Other departments within the EOP have thus far been successful in reducing spending in ways that have avoided the need for furloughs, Carney said, but “additional furloughs as well as pay cuts remain possibilities for additional White House employees.”

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