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Pres. Obama taking pay cut during sequester

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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.