TODAY

TODAY   |  April 04, 2013

Obama to give up 5 percent of salary

President Obama will return 5 percent of his salary when other federal workers are furloughed as part of the mandatory budget cuts that took effect earlier this year

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This content comes from Closed Captioning that was broadcast along with this program.

>>> in an attempt at solidarity with federal workers feeling the sequester spending cuts, president obama is giving himself a 5% pay cut on his $400,000 year salary, returning about $1,700 a month to the treasury. hundreds of thousands of workers face forced unpaid leave or furloughs if congress doesn't undo those cuts soon.