Obama will return 5% of salary
President Barack Obama will voluntarily return 5 percent of his $400,000 salary to the United States Treasury, a White House official confirmed Wednesday. The move, first reported by the New York Times, is in solidarity with federal employees who are seeing pay cuts or furloughs as a result of sequestration.
"The salary for the President, as with Members of Congress, is set by law and cannot be changed," a White House official said in a statement. "However, the President has decided 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".
President Obama's annual salary is 400 thousand dollars. 5% of salary, which will be returned on a monthly basis, will be 1700 dollars.
"Voice of America"
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