Obama to Propose a Two-year Freeze on Federal Worker Pay

President Obama Monday will propose a two-year freeze on the pay of federal workers, as he seeks to show he is committed to reining in the ballooning U.S. budget deficit. The freeze would save $2 billion in the current 2011 fiscal year, $28 billion over the next five years, and more than $60 billion over 10 years, according to the White House. It would apply only to civilian workers. – Reuters