Obama To Return 5 Percent Of Salary To Treasury - New York News

Obama To Return 5 Percent Of Salary To Treasury

Posted: Updated:
Washington -

(AP) President Barack Obama will return 5 percent of his salary each month to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts, the White House said Wednesday.
 
Obama's decision grew out of a desire to share in the sacrifice that government employees are making, said a White House official, who was not authorized to discuss the decision publicly and spoke on condition of anonymity. Hundreds of thousands of workers could be forced to take unpaid leave -- known as furloughs -- if Congress does not reach an agreement to undo the cuts.
 
The president is demonstrating that he will be paying a price, too, as the White House warns of dire economic consequences from the $85 billion in cuts that started to hit federal programs last month after Congress failed to stop them. In the weeks since, the administration has faced repeated questions about how the White House itself will be affected. The cancellation of White House tours has drawn mixed reactions.
 
A 5 percent cut from the president's salary of $400,000 per year amounts to $1,667 per month. The move will be retroactive to the March 1 -- the day the cuts started to kick in -- and will remain in effect for the rest of 2013, the White House official said.
 
The notice followed a similar move a day earlier by Defense Secretary Chuck Hagel, who committed to taking a salary cut equal to 14 days' pay -- the same level of cut that other Defense Department civilians are being forced to take. As many as 700,000 civilians will have to take one unpaid day off each week for up to 14 weeks in the coming months.
 
On Monday, the White House said 480 workers on the president's budget staff had been notified they may have to take days off without pay. Obama's press secretary, Jay Carney, wouldn't say whether notices have gone out to Obama aides outside the Office of Management and Budget, including senior staff in the West Wing. But he said pay cuts remained a possibility for additional White House employees if a budget deal to undo the cuts isn't reached.
 
Every federal agency is grappling with spending cuts. Carney said the White House also has been trying to cut costs by slowing down hiring, scaling back supply purchases, curtailing staff travel, reducing the use of air cards for mobile Internet access and reviewing contracts to look for savings.

  • Local NewsLocal NewsMore>>

  • Camilla's brother dies in New York after head injury

    Camilla's brother dies in New York after head injury

    Wednesday, April 23 2014 11:04 PM EDT2014-04-24 03:04:50 GMT
    The brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
    The brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
  • Deep split in Port Authority over unfinished WTC tower

    Deep split in Port Authority over unfinished WTC tower

    Wednesday, April 23 2014 9:03 PM EDT2014-04-24 01:03:40 GMT
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
  • God's Love We Deliver virtual bake sale for birthday cakes

    God's Love We Deliver virtual bake sale for birthday cakes

    Wednesday, April 23 2014 6:36 PM EDT2014-04-23 22:36:46 GMT
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
  • PoliticsMore>>

  • IRS Awards Bonuses To 1,100 Who Owe Back Taxes

    IRS Awards Bonuses To 1,100 Who Owe Back Taxes

    Wednesday, April 23 2014 10:48 AM EDT2014-04-23 14:48:11 GMT
    The Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes, a government investigator said Tuesday.
    The Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes, a government investigator said Tuesday.
  • Biden: Russia Must 'Stop Talking And Start Acting'

    Biden: Russia Must 'Stop Talking And Start Acting'

    Tuesday, April 22 2014 10:59 AM EDT2014-04-22 14:59:04 GMT
    U.S. Vice President Joe Biden warned Russia on Tuesday that "it's time to stop talking and start acting" to reduce tension in Ukraine, offering a show of support for the besieged nation as an international agreement aimed at stemming its ongoing crisis appeared in doubt.
    U.S. Vice President Joe Biden warned Russia on Tuesday that "it's time to stop talking and start acting" to reduce tension in Ukraine, offering a show of support for the besieged nation as an international agreement aimed at stemming its ongoing crisis appeared in doubt.
  • Biden in Ukraine To Show Support As Tensions Rise

    Biden in Ukraine To Show Support As Tensions Rise

    Biden in Ukraine To Show Support As Tensions Rise

    Monday, April 21 2014 10:42 AM EDT2014-04-21 14:42:54 GMT
    Vice President Joe Biden on Monday launched a high-profile visit to demonstrate the U.S. commitment to Ukraine and push for urgent implementation of an international agreement aimed at de-escalating tensions even as violence continues. Biden planned to meet Tuesday with government leaders who took over after pro-Russia Ukrainian President Viktor Yanukovych was ousted in February following months of protests.
    Vice President Joe Biden on Monday launched a high-profile visit to demonstrate the U.S. commitment to Ukraine and push for urgent implementation of an international agreement aimed at de-escalating tensions even as violence continues. Biden planned to meet Tuesday with government leaders who took over after pro-Russia Ukrainian President Viktor Yanukovych was ousted in February following months of protests.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices