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Trump cancels pay raise federal workers were due in January

Source: neworleanscitybusiness.com - Aug 31, 2018

President Donald Trump informed Congress on Thursday that he is canceling pay raises due in January for most civilian federal employees, citing budget constraints. But the workers still could see a slightly smaller boost in their pay under a proposal lawmakers are considering.

Trump said he was axing a 2.1 percent across-the-board raise for most workers as well as locality pay increases averaging 25.7 percent and costing $25 billion.

“We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets cannot sustain such increases,” said Trump. The president last year signed a package of tax cuts that is forecast to expand the deficit by about $1.5 trillion over 10 years.

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Category: General Business