White House pay czar Kenneth Feinberg was the driving force behind the move to order steep pay cuts from bailed-out executives, and did not even seek the president's approval before making his decision.
The Treasury Department is expected to formally announce in the next few days a plan to slash annual salaries by about 90 percent from last year for the 25 highest-paid executives at the seven companies that received the most from the Wall Street bailout. Total compensation for the top executives at the firms would decline, on average, by about 50 percent.
The sweeping decision, though, came from Feinberg and not from President Obama.
One official told Fox News that Feinberg from the start had the independent authority to work with companies and make such a call. Obama was never required to sign off before final decisions were made
And now this:
The White House has told Congress it will reject calls for many of President Obama's policy czars to testify before Congress - a decision senators said goes against the president's promises of transparency and openness and treads on Congress' constitutional mandate to investigate the administration's actions.
Sen. Susan Collins, Maine Republican, said White House counsel Greg Craig told her in a meeting Wednesday that they will not make available any of the czars who work in the White House and don't have to go through Senate confirmation. She said he was "murky" on whether other czars outside of the White House would be allowed to come before Congress.
So ... the Czars are making policy on their own, yet they cannot be called before Congress?
Hope. Change.
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