For Immediate Release
Via Conference Call
10:38 A.M. EST
MR. BAER: Good morning, everybody. Thanks for getting on. We’re going to have Dan Pfeiffer, White House Communications Director, say a few words, and then Jeffrey Zients, who is the Deputy Director of Management and the U.S. Chief Performance Officer from here at OMB, say a few words. Then we’ll go right to questions.
By the way, everything here is on the record and for attribution.
MR. PFEIFFER: Thanks, Ken. And thanks, everyone, for joining us -- and welcome back from your holiday weekend. As most of you, or some of you at least, have reported, this is an announcement involving a freeze in civilian federal worker pay.
Let me first put this in a little bit of context and talk briefly about what the announcement is. And then I’ll let Jeff talk through some of the details and what this means, and then we’ll take your questions.
To put this in context, when this President came into office he inherited a $1.3 trillion deficit. At the same time, he also had an economic crisis that threatened to put the nation into a second Great Depression. Our first step was to take emergency action to get the economy moving again. We have broken -- the economy is growing now. We are no longer losing jobs; we’ve been gaining private sector jo...