Obama dropped the banks now pay cuts

The U.S. president Barack Obama urged Congress to restrict the indexing of salaries on 1 300 000 civil servants in the new budget in 2010, which begins on October 1.
Obama urges Congress to reduce to 2% increase in salaries, which are deciphered from the consumer basket. This will be the biggest constraint on growth of civil servants in the U.S. for the past two decades. 2% threshold to U.S. lawmakers are disembarking from 1988 in September last year this index was reduced to 2.4%.
This index is an average national level. In some states where the standard of living is significantly higher than other annual salary reaches 19%.
Given the level of unemployment in June, which reached 9.4 percent, few would agree that our country faces serious economic difficulties, Obama wrote a letter to leaders of the House of Representatives and the Senate. In his words, salary increases of 1.3 mln.darzhavni employees loaded the federal budget, whose deficit estimate for the White House will be 1.58 trillion dollars in 2009
According to an Obama administration reducing the indexation of wages in these next financial year will allow to save approximately $ 20 billion.

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BTA
Finance