Obama will return 5% of salary to treasury

(CNN) — President Barack Obama will put 5% of his paycheck back into the federal government’s coffers in a show of unity with furloughed federal workers, White House Press Secretary Jay Carney said Wednesday.


Obama, whose $400,000 annual salary is set in law and can’t officially be changed, will write a check made out to the U.S. treasury every month beginning in April. Since the mandatory across-the-board spending cuts went into effect March 1, his payment for last month will be paid retroactively. Read More