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President Obama To Return 5% Of Salary Because Of Sequester

2:22 PM, Apr 3, 2013   |    comments
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WASHINGTON (USA Today) -- President Obama plans to take a 5% salary cut in support of federal workers who are going to be furloughed, an official said Wednesday.

The decision comes a day after a similar move by Defense Secretary Chuck Hagel.

Obama's move is retroactive to March 1, the first day the ongoing $85 billion in budget cuts known as the sequester began to take effect.

The president's base salary is $400,000 a year -- a 5% pay cut adds up to $20,000 per year.

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