Article Title: Biden Letter Likely Next Step Toward 4.6 Percent Fed Pay Raise
Snippet of Article: "...Under the 1990 law on pay-setting procedures, if a raise hasn’t been enacted by the end of August, the President may issue by the end of that month a letter setting an “alternative” raise—“alternative” to the much larger raise that would take effect by default if nothing were to be enacted by year’s end. Under the calculation recently reported by the Federal Salary Council, that would be above 22 percent.
That letter in almost all cases has repeated the raise proposal the President originally made in the early-year budget message to Congress—in this case for 4.6 percent. ..."
Source: www.fedweek.com
