Treasury Secretary Jack LewJack LewOne year later, the Iran nuclear deal is a success by any measure Chinese President Xi says a trade war hurts the US and China Overnight Finance: Price puts stock trading law in spotlight | Lingering questions on Trump biz plan | Sanders, Education pick tangle over college costs MORE and Homeland Security Janet Napolitano have joined President Obama and other top members of the administration in taking pay cuts in solidarity with federal workers facing furloughs under the sequester.
The New York Times reported that Napalitano, like President Obama, would forgo 5 percent of her salary.
Attorney General Eric HolderEric H. HolderFormer AG launches redistricting effort to help Dems reclaim power The racism inquisition over Jeff Sessions Dem rep to Obama: Don’t ‘lay back’ after presidency MORE and Defense Secretary Chuck HagelChuck HagelWho will temper Trump after he takes office? Hagel: I’m ‘encouraged’ by Trump’s Russia outreach Want to 'drain the swamp'? Implement regular order MORE are both forfeiting the equivalent of 14 days' worth of pay — the maximum number of days faced by departmental employees. Cabinet secretaries make $200,000 per year; their 14 furlough days will result in them returning $10,750 to the Treasury. President Obama, who makes $400,000 per year, is returning just under $17,000.
On Wednesday, White House press secretary Jay Carney said that despite a growing number of Cabinet members opting to take the pay cut, the move was not coordinated by the president and was "something that each such individual would decide for himself of herself."
Carney also said that President Obama did not plan to take a deduction on the money he returned to the Treasury, so he would not enjoy a tax benefit from the move.
"Right when the implementation of the sequester was upon us, the president indicated to staff that this was something he would like to do," Carney said. "He was aware, obviously, and mindful of the fact that hardworking Americans across the federal government, across the country would be affected by the implementation of the sequester — the regrettable implementation of the sequester and indicated that this was something he wanted to do."