Obama to announce US federal employee pay freeze

WASHINGTON (BestGrowthStock) – President Barack Obama will announce a freeze of federal employee pay as part of an effort to rein in the U.S. budget deficit, according to an administration official.

The announcement will take place at 11:35 a.m. EST (1635 GMT).

(Writing by Caren Bohan; Editing by Doina Chiacu)

Obama to announce US federal employee pay freeze