UPDATE: It’s a 2 year freeze.
UPDATE: It is a federal pay freeze. The White House’s website said it will stream Obama’s statement “on the federal employee pay freeze” at 11:35. More to come.
ORIGINAL POST: Something major is brewing. The White House announced this morning that President Obama will make a statement to the press at 11:35 a.m. this morning. The White House also announced that OMB Deputy Director Jeff Zients and White House Communications Director Dan Pfeiffer will hold an embargoed conference call “to discuss federal employee issues” in advance of the president’s announcement.
There are rumors floating around about a pay freeze for federal employees, and we may even see a three-year freeze. Take that with a grain of salt, but that’s just what we’re hearing. Stay tuned for more.