Mike Shedlock

Congress has done such a beautiful job handling the fiscal cliff and debt ceiling that president Obama felt it mandatory to issue an Executive Order Giving Biden, Congress Pay Raises

President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden.

According to
disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he'll now make $231,900 per year.

Members of Congress, from the House and Senate, also will receive a little bump, as their annual salary will go from $174,000 to 174,900. Leadership in Congress, including the speaker of the House, will likewise get an increase.

Here's the list of new wages,
as attached to President Obama's executive order

"A new executive order has been issued providing for a new pay schedule beginning 'on the first day of the first applicable pay period beginning after March 27, 2013,'" reports FedSmith.com. "The pay raise will generally be about 1/2 of 1%."

Congress Approval Rating is 18%

The latest Gallup poll taken December 19, 2012, shows Congress Approval Remains at 18% During Fiscal Cliff Debate

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.