President Obama to give up part of his salary in show of solidarity with furloughed federal workers

President to give up 5% of his salary

President Obama says he is joining Americans who are feeling the strain of budget cuts by having to take furlough days.

He is giving 5% of his $400,000 salary back to the Treasury. The 5% cut from Obama's salary amounts to $20,000.

Since the President's salary is fixed and cannot be changed by law. He will write a check each month.

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