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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.
The economic policy of the Barack Obama administration, or in its colloquial portmanteau form "Obamanomics", was characterized by moderate tax increases on higher income Americans designed to fund health care reform, reduce the federal budget deficit, and decrease income inequality. President Obama's first term (2009–2013) included measures ...
Upon his election, he became the fifth African-American Senator in U.S. history, the third to have been popularly elected. As a Senator, Obama served on a variety of committees and chaired the United States Senate Foreign Relations Subcommittee on European Affairs.
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 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.
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
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.
Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to salaried workers who make less than $43,888 a year in certain ...
Additionally, he was a co-chairman of the Obama-Biden transition team. [2] [3] [4] In his current role as senior advisor to President Biden, Podesta oversees the disbursement of $370–783 billion in clean energy tax credits and incentives authorized by the Inflation Reduction Act of 2022 .
While announcing his decision, President Obama called her "one of the nation's foremost economists and policymakers" and said that "America's workers and their families will have a champion in Janet Yellen."