Pres. Obama taking pay cut during sequester
WASHINGTON – President Obama said he is joining Americans as they are forced to undergo spending cuts due to furloughs.
Five percent of the president’s $400,000 salary will go back to the U.S. Treasury.
Since his salary is fixed and cannot be changed by law, he will write a check each month.
The voluntary move will be retroactive to March 1, when the sequester cuts began, and last through the end of the year.