
Federal employees are set to receive the largest pay increase in four decades, courtesy of President Joe Biden.
In a letter sent to Congress last week, Biden called for a 5.2 percent overall pay increase for federal workers—the same increase that he'd included in his budget plan that was sent to Congress earlier this year. Biden said the huge pay increase was necessary so the federal government could "attract, recruit, and retain a skilled workforce with fair compensation in order to keep our government running, deliver services, and meet our nation's challenges today and tomorrow."