Paul Ryan gets a sweet pay raise

Nancy Pelosi passes gavel to House Speaker Paul Ryan
Nancy Pelosi passes gavel to House Speaker Paul Ryan

Paul Ryan just took a job that nobody wants, but at least the gig comes with a sweet pay raise.

Ryan officially accepted the gavel on Thursday and assumed his new role as Speaker of the House. As such, his annual salary will get a healthy bump from $174,000 to $223,500.

The House Speaker is always the highest-paid member of Congress. Rank-and-file members of the House and senators earn $174,000.

His $223,500 salary is the third-highest of all elected federal officials. The president tops the list at $400,000, and the vice president earns $230,700.

The chief justice of the Supreme Court, who of course is not elected, makes $258,100 this year.

The Republican from Wisconsin is worth millions, according to his most recent financial disclosure form.

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