Americans working in the federal system will have frozen wages, Obama announces!

President Barack Obama will announce Monday the freezing of salaries in the federal system, following pressure from the opposition and amid worsening budget deficit, PA sources said, quoted by the Washington Post. The official announcement will be made Monday afternoon – East coast time.

The measure will be implemented over a period of two years affecting all employees of the federal system – including the Department of Defense civilians, but will not affect the premiums and bonuses, according to sources.

The possibility of wage freeze was announced by U.S. President in a recent interview with American newspaper, stressing Obama when imbalances in the public payroll.

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Posted by R.Magnusson on Nov 29 2010. Filed under Featured News, Finance, US, World. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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