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President Obama has announced a 2 year freeze on fed employee salaries. It appears to be a 2 year elimination of automatic COLA's. Seniority progressions and promotions will still occur. So, not a very dramatic proposal, but perhaps a step in the right direction. The freeze would need to be approved by Congress.
Citing deficit, Obama freezing federal worker pay - Yahoo! Finance=
Citing deficit, Obama freezing federal worker pay - Yahoo! Finance=
The two-year freeze would apply to all civilian federal employees, including those working at the Department of Defense, but would not affect military personnel. The freeze, which requires congressional approval, is expected to save more than $5 billion in savings over two years, $28 billion over five years and more than $60 billion over 10 years, White House officials said
The pay freeze would not affect bonuses or step increases for federal employees