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Treasury Secretary Jack Lew To Give Back Portion Of Salary In Wake Of Spending Cuts

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WASHINGTON -- Treasury Secretary Jacob Lew has become the latest member of President Barack Obama's Cabinet to give back a portion of his salary.

The Treasury Department said that Lew would contribute a portion of his salary to non-profit organizations that are supporting people and programs adversely affected by automatic government spending cuts. The amount of Lew's contribution and the organizations receiving the money are still being worked out.

On Wednesday, Obama and Defense Secretary Chuck Hagel said that they plan to return 5 percent of their paychecks in the wake of the $85 billion in government-wide spending cuts that started taking effect March 1. Earlier Thursday, the State Department said Secretary of State John Kerry would give 5 percent of his salary to charity.

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