(CNSNews.com) - As promised in his Fiscal Year 2014 budget, President Obama has just informed Congress that he will cap next year's pay raise for U.S. military personnel at 1 percent, instead of the 1.8 percent raise set by the formula Congress established.The announcement came on Friday afternoon, at the start of the long Labor Day weekend, in a letter to Congress.
"I am strongly committed to supporting our uniformed service members, who have made such great contributions to our Nation over the past decade of war," President Obama wrote to congressional leaders. "As our country continues to recover from serious economic conditions affecting the general welfare, however, we must maintain efforts to keep our Nation on a sustainable fiscal course. This effort requires tough choices, especially in light of budget constraints faced by Federal agencies."
Obama said he has decided to "exercise my authority under section 1009(e) of title 37, United States Code, to set the 2014 monthly basic pay increase at 1.0 percent" for members of the military.
"This decision is consistent with my fiscal year 2014 Budget and will not materially affect the Federal Government's ability to attract and retain well-qualified members for the uniformed services," Obama wrote.
Via: CNS News
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