Federal Employee News

Tuesday, September 4, 2018

Will Markets Crash After Trump Says, 'serious economic conditions affecting the general welfare' faced by America

Text of a Letter from the President to the Speaker of the House of Representatives and the President of the Senate

Snippet of Article: "...because of “national emergency or serious economic conditions affecting the general welfare,” I view the increases that would otherwise take effect as inappropriate. Under current law, locality pay increases averaging 25.70 percent, costing $25 billion, would go into effect in January 2019, in addition to a 2.1 percent across-the-board increase for the base General Schedule. We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets cannot sustain such increases..."

Source: www.whitehouse.gov

#TrumpSlump, State of U.S. Economy, Trumps Take on U.S. Economy, Federal Employee Pay,