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Obama to return 5 percent of salary to Treasury

The White House says President Barack Obama will return 5 percent of his salary to the Treasury in light of automatic spending cuts that have led to furloughs for thousands of federal workers.

By Josh Lederman | Updated on April 03, 2013

WASHINGTON (AP) — The White House says President Barack Obama will return 5 percent of his salary to the Treasury in light of automatic spending cuts that have led to furloughs for thousands of federal workers.

A White House official says Obama decided to return part of his salary each month for the rest of the year to share in the sacrifice that government employees are making. The official wasn’t authorized to discuss the decision publicly and spoke on condition of anonymity.

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