Obama announces 2-year pay freeze for federal employees

(AP) - President Barack Obama has announced atwo-year pay freeze for federal employees, saying the step isnecessary to help bring the federal deficit under control.

WASHINGTON - (AP) - President Barack Obama has announced atwo-year pay freeze for federal employees, saying the step isnecessary to help bring the federal deficit under control. The freeze would apply to all civilian federal employees butwould exclude military personnel. Obama says the sacrifices of limiting government spending mustbe shared by government workers. The White House says the freeze would save $5 billion over twoyears. By delaying wage increases, the freeze would save $28billion over the next five years, the White House says. The chairmen of Obama's bipartisan deficit commission proposed athree-year freeze in pay for most federal employees as part of itsplan to reduce the nation's growing deficit. The commission's finalreport is due to be released later this week.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets to find out 1 Word on the Street: Favorite U.S President
VIDEO: Scenes from fatal accident 2 VIDEO: Scenes from fatal accident
At least 20 cars were damaged when the 3 2nd-floor parking garage collapses on Jerome Avenue
Fire officials say the parking garage on Jerome 4 2nd-floor garage collapses on Jerome Avenue
VIDEO: Interview with manager of Mobil gas station 5 VIDEO: Interview with manager of Mobil gas station

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE