Catherwood LibraryILR School

President Obama proposed a two-year wage freeze for government employees in an effort to reduce the deficit and silence critics. The wage freeze would save about $2 billion a year and up to $28 billion over five years. The government has a budget deficit of over $1.3 trillion. The wage freeze would require the approval of Congress. The President has faced criticisms over his spending initiatives and is under pressure to reduce the deficit.