MaxShimba
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- Apr 11, 2008
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Attorney General Eric Holder and Secretary of State John Kerry will join Secretary of Defense Chuck Hagel and President Barack Obama in taking a pay cut this year as a result of sequestration.
The Attorney General intends to take a pay cut equivalent to the maximum amount any Justice Department employee has to take as a result of the sequestration, which is up to 14 days this fiscal year, so that those funds can go back into the Treasury, a Justice Department official told TIME, noting Holder wishes to minimize the impact of sequestration on the departments employees. State Department spokeswoman Victoria Nuland announced that Kerry would give 5 percent of his salary to a charity for State employees.
On Wednesday, the White House confirmed that Obama will return $20,000 to the Treasury over the rest of the year or 5 percent of his salary. Hagel pledged to take a pay cut equivalent to 14 furlough days. Both Hagel and Holder earn $199,700 annually and their maximum pay cut would amount to $10,750. Kerry makes $183,500 this year, according to the AP, and his donation is worth $9,175.
Read more: Holder, Kerry to Take Pay Cut | TIME.com
The Attorney General intends to take a pay cut equivalent to the maximum amount any Justice Department employee has to take as a result of the sequestration, which is up to 14 days this fiscal year, so that those funds can go back into the Treasury, a Justice Department official told TIME, noting Holder wishes to minimize the impact of sequestration on the departments employees. State Department spokeswoman Victoria Nuland announced that Kerry would give 5 percent of his salary to a charity for State employees.
On Wednesday, the White House confirmed that Obama will return $20,000 to the Treasury over the rest of the year or 5 percent of his salary. Hagel pledged to take a pay cut equivalent to 14 furlough days. Both Hagel and Holder earn $199,700 annually and their maximum pay cut would amount to $10,750. Kerry makes $183,500 this year, according to the AP, and his donation is worth $9,175.
Read more: Holder, Kerry to Take Pay Cut | TIME.com