President Barack Obama will pay back 5 percent of his annual government salary to the United States Treasury.
And he is doing this to draw attention to the financial sacrifice of more than 1 million federal employees who will be furloughed by automatic spending cuts starting in less than three weeks, the White House said Wednesday.
“The salary for the president, as with members of Congress, is set by law and cannot be changed,” an aide said to Yahoo News on condition of anonymity.
