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Saturday, December 29, 2012

Obama Gives Biden, Congress a Raise

As the nation nears the fiscal cliff, President Barack Obama has ended the pay freeze on federal employees — giving workers, ranging from Vice President Joe Biden to members of Congress and the Supreme Court, a raise.

Obama signed the executive order on Thursday, The Weekly Standard reports. The increases take effect in late March. “The pay raise will generally be about 1/2 of 1 percent," the order says.

Citing recessionary factors and budgetary concerns, Obama instituted the pay freeze in 2010.

Under the new guidelines, for instance, Biden’s salary will jump from $225,521 last year to $231,900 next year.

Urgent: Will Raising Taxes Help or Hurt America?

Members of Congress, from the House and Senate, also will receive a slight raise — from $174,000 to 174,900.

And the majority and minority leaders in both chambers will see their salaries rise to $194.400. 

The salary for the Speaker of the House, currently the Ohio Republican John Boehner, will increase to $224,600.

In addition, the pay for the members of the U.S. Supreme Court also will rise, with Chief Justice John Roberts receiving $223,500, and associate justices being paid $213,900.

Circuit judges, district judges and those of the U.S. Court of International Trade in New York also will see slightly higher pay, The Standard reports.

Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Newsfront/obama-gives-raises-biden/2012/12/28/id/469363#ixzz2GUNrlcZ3
 

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