Monday, June 4, 2012

Obama administration sets housing agency pay caps

WASHINGTON (AP) ? The Obama administration is clamping down on excessive pay at public housing authorities, setting caps that extend and expand limits imposed by Congress. After conducting a national compensation survey, the Housing and Urban Development Department plans to set a maximum salary ceiling of $155,000 for public housing agency officials, according to two senior administration officials. The administration's plan aligns those limits to the federal government pay scale, makes them permanent and applies them to bonuses and other means of compensation as well.

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