President Obama Makes Good on $20,000 Sequester Promise – Real Time Economics

When President Barack Obama says he “donated at work,” he now has the U.S. Treasury Department documentation to back it up.

The president and first lady made the last of seven donations of nearly $3,000 each to complete a pledge made during last year’s budget battle with Congress, Treasury confirmed Friday in a little-publicized post to the “Treasury Notes Blog”.

The checks, totaling $20,000, were cut between April and September of last year.

The payments made good on Mr. Obama’s promise in April 2013 to return 5% of his $400,000 salary to Treasury. The offer was a gesture of solidarity with federal workers who faced potential furloughs—and reduced pay—due to automatic spending cuts known as the sequester.

The president’s salary was exempted from those cuts.

The 5% reduction matched the level of cuts to most nondefense, discretionary programs. Ultimately, many, but not all, federal workers were forced to take some unpaid time off last year as part of the budget squeeze.

In the post, Treasury included images of the final four checks  and a receipt for “Customer Name: B Obama.” (Apparently, when you’re president of the United States, you’re on a first-initial basis with your banker.)

Treasury released documentation of the first three payments a year ago.   



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