Biden's proposed budget for the coming year includes a 4.6 percent pay hike for federal civilian employees, twice as much as the budget's assumed inflation rate.
President Joe Biden’s proposed budget for the coming year includes a 4.6 percent pay hike for federal civilian employees and military service members.
The White House’s fiscal 2023 budget request seeks across the board increases in discretionary spending for almost every corner of the federal government.It is also twice the rate of inflation projected by the budget for 2023. The budget, which was built on economic assumptions locked in place back in November, forecasts 2.3 percent inflation in 2023.
By contrast, the Biden budget claims that federal workers are underpaid in comparison to private sector workers. “Between 2009 and 2020, U.S. average worker pay rose 38 percent while Federal civilian pay increases amount to only a 15 percent rise,” the Biden budget claims. According to the CBO study, however, federal workers with a high school degree or less had wages that were 34 percent higher than private-sector peers and benefits that were 93 percent greater, for a total compensation gap of 53 percent. For workers with a bachelor’s degree, the wage gap was 21 percent, composed of a 5 percent wage gap and a 52 percent benefit gap.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FNC's Watters: Hearing Hunter Biden 'Will Be Indicted'; Predicts Presidential Pardon, No Biden 2024 BidFriday, FNC host Jesse Watters told his viewers he heard Hunter Biden, son of President Joe Biden, would be indicted. | Clips
Read more »
Pres. Biden Apparently Suggests Removing Putin, White House BacktracksBiden appears to have misspoken on at least a couple of instances about the U.S.'s intentions as it relates to Russia and Ukraine.
Read more »
North Korean missile launch presents another test for Biden and WestNorth Korea's intercontinental ballistic missile test has rattled the West as it rallies around Ukraine amid Russia's invasion, raising questions about the launch's timing.
Read more »
Biden On Russia’s Putin: `This Man Cannot Remain In Power’President Joe Biden said Saturday that Vladimir Putin “cannot remain in power,” dramatically escalating the rhetoric against the Russian leader after his brutal invasion of Ukraine.
Read more »
Russia-Ukraine war: Explosions reported in Lviv, Biden denounces PutinRussian forces appear to be shifting their focus from Ukraine's capital to the contested Donbas region, possibly signaling a new phase of the war.
Read more »