The Herald Bulletin

Morning Update

Nation & World

April 3, 2013

Obama to return 5 percent of salary to Treasury

WASHINGTON — Sharing a bit of budget pain, President Barack Obama will return 5 percent of his salary to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts.

Obama's decision grew out of a desire to share in the sacrifice that government employees are making, a White House official said Wednesday. Hundreds of thousands of workers could be forced to take unpaid leave — known as furloughs — if Congress does not reach an agreement soon to undo the cuts.

The president is demonstrating that he will be paying a price, too, as the White House warns of dire economic consequences from the $85 billion in cuts — called a sequester — that started to hit federal programs last month after Congress failed to stop them. In the weeks since, the administration has faced repeated questions about how the White House itself will be affected. The cancellation of White House tours in particular has drawn mixed reactions.

A 5 percent cut from the president's salary of $400,000 per year amounts to $20,000.

Obama will return a full $20,000 to the Treasury even though only a few months remain in the fiscal year, which ends in September. He will cut his first check this month, said the White House official, who was not authorized to discuss the decision publicly and spoke on condition of anonymity.

The president and first lady Michelle Obama reported almost $790,000 in adjusted gross income in 2011, the most recent year for which their tax returns have been made public. That figure was down from the $1.7 million they brought in the year before and the $5.5 million they reported in 2009. About half of the family's income in 2011 came from Obama's salary, with the rest coming from book sales. The Obamas reported more than $172,000 in charitable donations.

"The salary for the president, as with members of Congress, is set by law and cannot be changed," Obama spokesman Jay Carney said late Wednesday. "However, the president has decided that 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."

Text Only
Nation & World
  • Alaska vintage tourist train to resume Friday

    A vintage rail company that transports hundreds of thousands of tourists a year along the route of the historic Klondike Gold Rush suspended operations while it investigates a derailment that left 23 people with minor injuries, officials said.

    July 25, 2014

  • Social Security spent $300 million on 'IT boondoggle'

    Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement, according to an internal report commissioned by the agency.

    July 24, 2014

  • Plane crashes in Taiwan, 47 trapped, feared dead

    A plane landing in stormy weather crashed outside an airport on a small Taiwanese island late Wednesday, and a transport minister said 47 people were trapped and feared dead.

    July 23, 2014

  • US pushes for truce as Gaza battle rages

     Israeli troops battled Hamas militants on Wednesday near a southern Gaza Strip town as the U.S. secretary of state reported progress in efforts to broker a truce in the conflict that has so far killed at least 657 Palestinians and 31 Israelis.

    July 23, 2014

  • Bodies of Malaysia jet victims leave Ukraine

    Two military aircraft carrying the first bodies of victims of the Malaysia Airlines crash left the embattled plains of eastern Ukraine Wednesday, and pro-Russian rebels shot down two Ukrainian fighter jets as fighting flared in the region.

    July 23, 2014

  • Perdue defeats Kingston in Georgia Senate runoff

    Businessman David Perdue has defeated longtime Rep. Jack Kingston in the Republican runoff for Georgia's U.S. Senate nomination, setting up a nationally significant general election matchup against Democrat Michelle Nunn.

    July 22, 2014

  • New arrest linked to gun used after Boston attacks

    A friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev is believed to have provided the handgun used to kill a Massachusetts Institute of Technology police officer during the manhunt, people with knowledge of the investigation said Tuesday.

    July 22, 2014

  • California firm issues nationwide fruit recall

    A Central California company is recalling specific lots of its fresh peaches, plums, nectarines and pluots sold nationwide over concerns of possible listeria contamination.

    July 22, 2014

  • Obama nominee McDonald pledges to 'transform' VA

    President Barack Obama's choice to lead the Department of Veterans Affairs pledged Tuesday to transform the beleaguered agency, saying that "systematic failures" must be addressed.

    July 22, 2014

  • Obamacare hit by ruling, but subsidies to continue

    President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.

    July 22, 2014

More Resources from The Herald Bulletin
AP Video
Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 Raw: Deadly Storm Hits Virginia Campground Death Penalty Expert: 'This is a Turning Point' Raw: MH17 Victim's Bodies Arrive in Netherlands
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium