Here's something you don't hear every day. President Obama has agreed to give back five-percent of his salary to the U.S. Treasury to show the federal workers that the government-wide spending cuts are really government wide.
For those keeping track, the five-percent cut in Obama's $400,000 per year salary comes to $20,000.
A White House official said Wednesday that Obama wants to share in the sacrifices that government employees are being asked to make. If Congress doesn't reach an agreement to reverse the cuts, hundreds of thousands of government employees could be forced to take unpaid vacations, also known as furloughs.
Source: Associated Press