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Obama Is Returning 5 Percent of His Salary Because of the Sequester

"Share in the sacrifice being made by public servants."

Getty Images

Getty Images

President Barack Obama will give 5 percent of his salary back to the Treasury Department in a show of solidarity with federal workers forced to take unpaid leave due to mandatory budget cuts.

“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,” an administration official told the New York Times. Hundreds of thousands of federal employees are expected to be furloughed.

The voluntary move will be retroactive to March 1 -- the day the $85 billion in cuts began to kick in -- and will apply through the end of the year, the Times reported.

The president makes $400,000 per year. A 5 percent pay cut amounts to $1,667 per month, or $16,667 for the full 10 months. Obama's salary is set by law and cannot be changed during his term.

The Obama administration has warned about the dire effects of sequestration, which also saw the cancellation of White House tours.

One last thing…
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