Obama to freeze federal worker pay
WASHINGTON — President Barack Obama will announce a two-year pay freeze for federal employees Monday, a move White House officials say is the first of many difficult decisions that must be made to reduce the nation’s mounting deficit.
The White House said Monday that the freeze would apply to all civilian federal employees, including those working at the Department of Defense, but would not affect military personnel. The freeze is expected to result in more than $5 billion in savings over two years, according to Jeffrey Zients, a deputy director at the Office of Management and Budget.
That would make only a small dent in the $1 trillion-plus budget deficit. But with voters voicing their anger over Washington’s spending during the midterm elections, even a symbolic gesture could demonstrate the White House got the message.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Brandon man hauls in record 756-pound alligator
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- MBJ Special report: MDA numbers help with cities’ retail pitches
- Is cotton looking too good? Farmers facing weaker prices
- COO of TL Wallace Construction keeps eye on revenue growth and profits
- Woman found guilty of murder in buttocks injection case
- Nehi Bottling Company has been a Cleveland fixture for 85 years