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Former President Barack Obama. Barack Obama earned $400,000 a year as president, up from the $157,000 per year he earned as a U.S. Senator before becoming president.
Obama earned a salary of $80,287 from the Illinois Senate and $32,144 from the University of Chicago Law School, where he lectured.
Barack Hussein Obama II, born in Honolulu on August 4, 1961, at the old Kapiolani Maternity and Gynecological Hospital at 1611 Bingham Street (a predecessor of the Kapiʻolani Medical Center for Women and Children at 1319 Punahou Street), was named for his father.
Obama also issued several executive orders and his administration issued regulatory rulings designed to help workers. One included raising the salary threshold above which employers do not have to pay overtime, from $455 to $913 per week.
Truman was among the poorest U.S. presidents, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949. In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties.
The current salary for the president of the United States is $400,000, while the vice president earns an annual salary of $230,700.
Obama Raises Overtime Salary Threshold: What You Need To Know Millions of workers are about to be making more money or getting more time at home with their families. Marc Torrence , Patch Staff
Obama is the first African American president, the first multiracial president, the first non-white president, and the first president born in Hawaii. Obama was limited to two terms and was succeeded by Republican Donald Trump, who won the 2016 presidential election.
This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both.