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Monday
Nov292010

President Proposes Pay Freeze for Federal Workers

Photo Courtesy - ABC News(WASHINGTON) -- President Obama announced Monday plans for a two-year freeze in civilian federal worker pay for calendar year 2011-2012.

The freeze is expected to save $2 billion for the fiscal year 2011, $5 billion over the next two years, and $60 billion in total over the next 10 years.

The announcement only affects civilians; it does not affect military personnel. It also does not affect members of Congress, who sets pay for its staff.

Administration officials painted this move as essential to help put the nation back on sound fiscal footing, and the first of “many actions,” that they will take to tackle the deficit.

The president’s proposal will require congressional approval.

Upon taking office in 2009, President Obama froze the salaries of senior White House officials and this year he proposed freezing salaries of all political appointees across the government.
 
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