http://money.cnn.com/2015/03/06/news/economy/russia-putin-paycut/index.html?iid=HP_LN
It's belt-tightening time in the Kremlin.
Russian President Vladimir Putin cut his salary by 10% Friday as his country faces the worst economic crisis in years. The move will cost him around 900,000 rubles ($14,000) a year.
The Russian economy is struggling because of low oil prices and economic sanctions imposed by the West over Moscow's role in the conflict in Ukraine.
The ruble has collapsed, losing 40% against the dollar in just six months. GDP is expected to shrink by 5% this year, inflation is soaring, and living standards are falling.
Putin ordered pay cuts for all members of his administration on Friday, just months after demanding 10% spending cuts across the government -- with defense being the only department spared the austerity.
Has this ever happened in the history of the United States? Did any American president ever order salary cuts because of recession?